News

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.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Wirex, cryptocurrency, contactless card, fiat currency, Mastercard, reqard scheme, US, Japan, Asia, APAC, North America,
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United States
This article is part of category

Blockchain & Cryptocurrencies