Crypto-friendly Startup Wirex Raises $4.8M from 7000 Investors
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Oct. 14, 2020

Wirex, a digital payment platform with support for credit cards, has attracted almost $4.9 million (£3.7 million) from 7,000 investors among 94 countries, the company announced on Wednesday.

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The startup claims it managed to raise $1.3 million in just 90 minutes and surpassed the initial crowdfunding goal by 370%. According to an official press release, the attracted funds will be used to diversify Wirex's client base, with an upcoming launch in the US and Japan.

Wirex Co-Founder and CEO, Pavel Matveev, says from the very start, the startup has 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," Matveev added.

Previously in September, Wirex launched a new multicurrency Wirex Card, supported by Mastercard. The card is linked to 19 cryptocurrency and traditional currency accounts in the Wirex app, and allows cardholders to spend multiple fiat and cryptocurrencies with no need for exchange.

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Wirex is known as the first native cryptocurrency platform that had been granted a Mastercard principal membership, allowing it to directly issue payment cards.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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