Wirex raises USD 4.3 million in crowdfunding campaign

Tuesday 20 October 2020 08:49 CET | News

UK-based crypto payments firm Wirex has raised over USD 4.3 million in a crowdfunding campaign on Crowdcube, beating its initial target by 370%.

The UK-based company raised GBP 1 million (USD 1.1 million) in just 90 minutes, and closed its crowdfunding 15 days ahead of schedule after securing funds from nearly 7000 investors, according to a press release.

Founded in 2014, Wirex has developed a contactless card that lets users seamlessly spend crypto and fiat currencies in real life. With the new funding in place, the company is working on a a multicurrency Mastercard card, an upgrade of its rewards scheme, and launches in the US and Japan.

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Keywords: Wirex, cryptocurrency, contactless card, fiat currency, MasterCard, reqard scheme, US, Japan, Asia, APAC, North America
Categories: DeFi & Crypto & Web3
Countries: United States
This article is part of category

DeFi & Crypto & Web3