Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Wirex, A Crypto Startup, Has Raised £ 3.7 Million in Crowdfunding

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

£ 3.7 Million has been started by Wirex, a Crypto Startup, and around 7000 investors have crowdfunded and invested here. Wirex had estimated around £ 1 million or $ 1.3 million in funding but that amount was well surpassed.

The amount raised was around 370 % more than the company’s targets. 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.- said Pavel Matveev the Wirex CEO and co-founder.

Around $186,600 was made via crowdfunding in 2015. 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 -Matveev added.

The company had been looking forward to democratizing cryptocurrency and crowdfunding is helping in this achievement immensely according to him.

SBI group backs Wirex and $3 million have been raised in Series A round, according to sources from Crunchbase. The company offers a debit card to customers in Europe linked to accounts that support Cryptocurrency and rewards spending of around 1.5 percent in Bitcoins. The company aims expansion in the US and Japanese markets soon.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic