Wirex, the next-gen payments platform, has raised £3.7 million and exceeded its crowdfunding target by 370%. Nearly 7,000 investors took part to support Wirex on its mission to democratise access to cryptocurrency.
Having closed its crowdfunding 15 days early, the amount raised makes Wirex the best performing crowdfunding campaign by a crypto company in history undertaken in partnership with leading equity crowdfunding platform, Crowdcube.
Aiming to give fintech fans and it’s 3.1 million customers the opportunity to invest in Wirex before they scale-up, this funding will help to solidify its plans in the coming months. Wirex recently announced a revolutionary product overhaul. This has already seen the launch of 5 new currencies on the platform in Eastern European countries, as well as an upcoming release of Wirex’s highly-anticipated multicurrency Mastercard card, and upgrade of its rewards scheme. The company also has plans to diversify its user base, with an exciting launch in the US and Japan in the pipeline.
Pavel Matveev, CEO and co-founder of Wirex, said: “Since opening pre-registration for the private sale, we’ve had an overwhelming response from users around the world wanting to invest in Wirex. Our performance so far has proven to investors that we are making incredible advances in the fintech and crypto spaces, and this growth will only continue.”
Wirex have already developed a product that allows customers to buy, hold, exchange and sell multiple crypto and traditional currencies from one platform. The company not only launched the world’s first crypto-enabled debit card, but also the first crypto rewards scheme. With the core aim of bridging the gap between the traditional and digital economies, the platform aims to bring cryptocurrency to a mainstream audience, as cryptocurrency adoption rates continue to increase across the globe.
“It’s great that our customers have had the opportunity to own a part of Wirex, and we can’t wait to share our upcoming successes with them,” Matveev continued. “Our mission is to democratise access to cryptocurrency, and this successful crowdfunding campaign is one step further in achieving this goal.”
Following the success of the crowdfunding, Wirex will open a waitlist for the upcoming European launch of its Mastercard debit card on Wednesday 21st October.