Wirex News

Record Crowdfund for Crypto Company, Raising Over £3.7 Million

Oct 14, 2020, 9:35:13 AM Published By Wirex Team

We’ve officially smashed our crowdfunding target by 370% and raised £1 million in just 90 mins! Incredibly, nearly 7,000 investors from 94 countries took part to support Wirex on our mission to democratise access to cryptocurrency.

Having closed our 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.

Why did we Crowdfund?

Aiming to give fintech fans and our 3.1 million customers the opportunity to invest in Wirex before they scale-up, this funding will help to solidify our ambitious plans in the coming months. We recently announced a revolutionary product overhaul. This has already seen the launch of 5 new currencies on our 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. We also have ambitious plans to diversify our user base, with an exciting launch in the US and Japan in the pipeline.

Pavel Matveev, our CEO and co-founder, described how pivotal this moment is in Wirex’s history: “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’ve already demonstrated our innovation in the space, developing a product that allows customers to buy, hold, exchange and sell multiple crypto and traditional currencies from one platform. We 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, we aim to bring cryptocurrency to a mainstream audience, as cryptocurrency adoption rates continue to sky-rocket across the globe.

Pavel went on to explain 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.”

Join the Waitlist for Wirex’s Mastercard Card

Following the success of the crowdfunding, we’ll be opening an exclusive waitlist for the upcoming European launch of our Mastercard debit card on Wednesday 21st October, which can be found on our homepage.

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