Wirex, a leading digital payments platform in the fintech and crypto space, has ended their crowdfunding campaign with Crowdcube early after smashing initial targets. While raising over £3.7 Million, Wirex is now the best performing crypto company to ever facilitate a crowdfunding campaign on Crowdcube.
Wirex, a digital payments platform that is making crypto and traditional currencies accessible to everyone, has hit a milestone in their recent crowdfunding campaign with Crowdcube. Last month it was reported that Wirex was launching a £1M crowdfunding campaign to help introduce new products and services to the token economy.
In a recent press release by Wirex, the company was excited to announce that their initial target of £1M was accomplished in just 90 minutes. With almost 7,000 investors expressing interest in the Wirex vision, the fintech company exceeded their crowdfunding target by 370%. After pulling in £3.7 Million, Wirex has closed their campaign 15 days early. This represents a milestone for the digital payments platform, as they are the best performing crypto company to ever run a crowdfunding campaign on the Crowdcube platform.
Pavel Matveev, CEO and co-founder of Wirex, stated that:
“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.”
Plans Moving Forward
As mentioned previously, some of the additional products and services in the pipeline for the company include:
- Supporting additional currencies
- Free international ATM withdrawals
- Amplified reward programs
Additionally, Wirex is looking forward to to releasing their multi-currency Mastercard, which has been in high demand among their 3.1M users. Despite a user base that continues to multiply YOY, Wirex still forecasts significant growth opportunity. With a US and Japan launch in the foreseeable future, the fintech firm plans to revolutionize the way people buy, hold, exchange, and sell multiple crypto and traditional currencies on a global scale. In an environment where many first time crypto users are still confused, Wirex is changing the narrative and bridging the gap between traditional markets and digital assets.
Matveev further stated that:
“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. Our mission is to democratise access to cryptocurrency, and this successful crowdfunding campaign is one step further in achieving this goal.”
Wirex was constructed in 2014 by CEOs and co-founders Dmitry Lazarichev and Pavel Matveev. These individuals believed in a world where cryptocurrencies could be accessible to everyone. The company currently caters to customers in 130 countries, and coheres to regional regulations and other licensing requirements.
They offer a seamless experience where users can store, buy, and exchange multiple currencies on a mobile application. In a push to bridge the gap between traditional and digital economies, users have the ability to spend 150+ traditional and crypto assets in 54 million locations by leveraging the Wirex card. With traditional banking offering near 0% interest rates, users also flock to “Cryptoback,” which is a reward program that gives cardholders up to 1.5% back in Bitcoin for in-store transactions.
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