UK-based Wirex launches first crowdfunding round

By Megha Bhattacharya

Payments platform Wirex announced their first crowdfunding with an aim to raise £1 million. The company is expected to offer its customers with the opportunity to invest before they scale-up in the coming months. Wirex stated that individuals could pre-register to invest in the company.

CEO and Co-Founder of Wirex, Pavel Matveev commented, “Wirex has been making huge strides in changing the financial landscape, by making it easier for everyone to access cryptocurrency and spend it in the everyday. By offering a platform that bridges the traditional and digital economy, we are helping to encourage the mass adoption of cryptocurrency for future generations.”

He added, “We have a lot of exciting projects and announcements already underway at Wirex as we endeavour to provide a cheaper, faster and safer platform, and crowdfunding will only fast-track our ambitious plans. We’re proudly a hedgehog fintech – our journey to becoming a tech unicorn is built on managing and monetising growth sensibly. Millions of ‘Wirexers’ have supported our growth – this funding round is deliberately aimed at giving them an opportunity to own a share of the brand as we go to the next phase of our growth and scale-up.”

Recently, the company launched its product overhaul and a new card. The overhaul follows the release of the FinTech’s new features including five new currencies and free foreign exchange. The company also announced the launch of their Wirex Mastercard card along with an updated rewards programme.

Luke Lang, co-founder of Crowdcube, stated, “Over the years fintech has proven to be our most popular sector for investment, so I am excited to see Wirex, who is on a mission to take cryptocurrency into the mainstream, raise with Crowdcube. It’s great that their loyal customer base and fans will have the opportunity to buy a stake in this innovative company.”