Wirex, a Crypto Payment Startup, Raises £3.7 million in Crowdfunding Campaign

Wirex, a Crypto Payment Startup, Raises £3.7 million in Crowdfunding Campaign

Wirex, a fiat and crypto payment startup company, revealed that it officially closed its successful fundraising campaign, and has raised over £3.7 million (or $4.8 million) as a result.

The firm did raise its preliminary target of £1 million in 90 minutes and in the end raised nearly 370% more from around 7000 investors. As of now, Wirex has around 3.1 million users.

The crucial feature that defines the London based Wirex is that it offers a debit card to its European users. The card is linked to their crypto accounts. Furthermore, the startup rewards its card holders with a maximum of 1.5% of spends in Bitcoin.

Currently, the platform is paving the road to international expansion, starting with the addition to five Easter European currencies, and planning to entering both the Japanese and US markets soon.

As a response to the successful crowdfunding process, Pavel Matveev Wirex CEO and co-founder, said the following,

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.”

We are seeing a bright future for Wirex, as this is clearly a positive direction taken by a crypto payment company.

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