By <a style="color: #4bbb87;" href="https://wirexapp.com/">Wirex</a>

--

14th October 2020

Wirex, the next-gen payments platform sending waves through the fintech and crypto spaces, has raised £1 million in just 90 minutes and smashed its crowdfunding target by 370%. Nearly 7,000 investors from 94 countries took part to support Wirex on its mission to democratise access to cryptocurrency.

Having closed their crowdfunding 15 days early, the amount raised makes Wirex the best performing crowdfunding campaign by a crypto company in history undertaken in partnership with leading equity crowdfunding platform, Crowdcube.

Aiming to give fintech fans and it’s 3.1 million customers the opportunity to invest in Wirex before they scale-up, this funding will help to solidify Wirex’s ambitious plans in the coming months. Wirex recently announced a revolutionary product overhaul. This has already seen the launch of 5 new currencies on the platform in Eastern European countries, as well as an upcoming release of Wirex’s highly-anticipated multicurrency Mastercard card, and upgrade of its rewards scheme. The company also has ambitious plans to diversify their user base, with an exciting launch in the US and Japan in the pipeline.

Pavel Matveev, CEO and co-founder of Wirex, described how pivotal this moment is in Wirex’s history: “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.”

Wirex have already demonstrated their innovation in the space, developing a product that allows customers to buy, hold, exchange and sell multiple crypto and traditional currencies from one platform. The company not only launched the world’s first crypto-enabled debit card, but also the first crypto rewards scheme. With the core aim of bridging the gap between the traditional and digital economies, the platform aims to bring cryptocurrency to a mainstream audience, as cryptocurrency adoption rates continue to sky-rocket across the globe.

Matveev went on to explain that, “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. Our mission is to democratise access to cryptocurrency, and this successful crowdfunding campaign is one step further in achieving this goal.”

Following the success of the crowdfunding, Wirex will open an exclusive waitlist for the upcoming European launch of their Mastercard debit card on Wednesday 21st October, which can be found on the <a style="color: #4bbb87;" href="http://wirexapp.com">Wirex website</a>.
<h3>Notes to editors:</h3>
About Wirex

Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first contactless payment card that gives users the ability to seamlessly spend crypto and traditional currencies in real life.

Wirex was created in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, who identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible for everyone. With the core aim of making it as easy as possible to use digital assets in everyday life,  Wirex provides a trusted and cost-effective service for crypto and traditional currency transactions by incorporating the next generation of payments infrastructure integrated with cryptocurrency blockchains.

With over three million customers across 130 countries, the company offers secure accounts that allow customers to easily store, buy and exchange multiple currencies instantly at the best live rates on one centralised mobile app. Quick and simple money transfer options are available, as well as the freedom to spend 150+ traditional and cryptocurrencies in more than 54 million locations around the world using the Wirex card.

Wirex continues to develop the product in line with market developments, whilst adhering to regional regulations and securing appropriate licencing where it exists. A proven industry pioneer, Wirex introduced the world's first bitcoin reward programme, Cryptoback™, which earns cardholders up to 1.5% back in Bitcoin for every in-store transaction they make. They also launched their own native utility token, WXT, which entitles holders to rewards and incentives such as heavily-discounted fees and higher Cryptoback™ rewards.

Wirex is based in London with offices in Singapore, Kyiv, Tokyo, Toronto, Dallas and Atlanta. With over $3bn worth of transactions processed already and rapid expansion into new territories, Wirex is uniquely placed to support and promote the mass adoption of a cashless society through creative solutions.

Wirex Achieves Record Crowdfund for Crypto Company, Raising Over £3.7 Million

By <a style="color: #4bbb87;" href="https://wirexapp.com/">Wirex</a>

--

Wirex, the leading payments platform taking the fintech and cryptocurrency industries by storm, announced their first crowdfunding. Aiming to raise £1 million, the company will give customers and fintech fans the opportunity to invest before they scale-up in the coming months.

From 21st September, individuals can pre-register to invest in the company. It is expected to be one of the largest and most successful campaigns carried out by renowned equity crowdfunding platform, Crowdcube, who have already taken many start-ups to new levels of success.

Since its inception in 2014, Wirex has become the go-to crypto-enabled payments solution for people seeking an alternative to conventional finance. Wirex’s vision is for a digital economy accessible to everyone globally - empowering people to benefit from a world where all currencies are equal. The company provides a next-gen payments solution that gives users the ability to buy, exchange, hold and spend multiple traditional and cryptocurrencies using one intuitive, centralised app and the Wirex payment card.

Wirex is at the forefront of a rapidly developing industry. Cryptocurrency adoption rates have sky-rocketed in recent years - it’s estimated that over <a style="color: #4bbb87;" href="https://cryptoresearch.report/crypto-research/the-status-of-cryptocurrency-adoption/">40 million people globally</a> already use cryptocurrency, with a <a style="color: #4bbb87;" href="https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users">240% increase</a> in the number of blockchain wallet users over the past 3 years. This trend has only grown since the onset of COVID-19, demonstrating real-use cases for cryptocurrency in everyday life.

Wirex’s unique and flexible business model allowed it to adapt to this demand and flourish, breaking records in a period of considerable uncertainty for many businesses. The business experienced a 100% increase in the volume of cryptocurrency transactions on the platform in March compared to February, as well as the highest volume of transactions in a single day in the APAC region. As the company’s outstanding performance continues, they’ve decided that now is the time to offer investors a chance to be part of a company shaking up an advancing industry. 

The company has already proven its incredible achievements with a series of world firsts, with many predicting a rapid sell-out as demand surges for this revolutionary product. In July 2020, Mastercard named Wirex as their first crypto-native principal member. Prior to this, Wirex was the first company to launch a contactless debit card enabling customers to spend cryptocurrency in-store, as well as the first cryptocurrency rewards scheme, Cryptoback™. In 2019, Wirex launched their first native token, WXT, as an Initial Exchange Offering, which sold out in a matter of hours.

Recognised for its outstanding accomplishments in fintech, payments and cryptocurrency sectors, Wirex won the acclaimed Innovate Finance Pitch 360 challenge for 2020. They are one of the few crypto-friendly companies that is a UK regulated e-money institution, and with cryptocurrency becoming more widely accepted amongst regulators, it is projected that the company will grow exponentially in the coming years. With a company valuation of £125 million, Wirex announced that it turned profitable in 2019 - rare for a fintech business so young. Having recently reached the milestone of 3.1 million customers across 130 countries, they predict achieving an incredible 10 million customers by the end of 2021.

Plans are already underway to launch a number of pioneering product and service updates since the announcement of a revolutionary product overhaul. Following partnerships with financial services giant Mastercard and payments solution company LHV, this includes the gradual rollout of next-generation features in the coming months, including additional currencies, free international ATM withdrawals, sky-high limits and next-to-no fees, as well as an upgraded rewards program, setting Wirex apart from its competitors. Striving for global expansion, Wirex is actively seeking licences in new territories with a highly anticipated launch in both the US and Japan in the coming months.

CEO and Co-Founder of Wirex, Pavel Matveev, explains how this decision to crowdfund comes at a crucial period in Wirex’s development. “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.”

Matveev goes on to explain that “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.”

Luke Lang, co-founder of Crowdcube, complemented this by stating: "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."

Want to hear more about Wirex and our crowdfund? <a style="color: #4bbb87;" href="https://youtu.be/IccPRXZihdM">Here's what you need to know</a>, from the Wirex team!

Pre-registration for the exclusive private sale of the crowdfunding is now live on the<a style="color: #4bbb87;" href="https://wirexapp.com/crowdfunding"> Wirex website</a>, with the private sale opening on the 28th September.
<h3>Notes to editors:</h3>
About Wirex

Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first contactless payment card that gives users the ability to seamlessly spend crypto and traditional currencies in real life.

Wirex was created in 2014 by CEOs and co-founders Pavel Mateev and Dmitry Lazarichev, who identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible for everyone. With the core aim of making it as easy as possible to use digital assets in everyday life,  Wirex provides a trusted and cost-effective service for crypto and traditional currency transactions by incorporating the next generation of payments infrastructure integrated with cryptocurrency blockchains.

With over three million customers across 130 countries, the company offers secure accounts that allow customers to easily store, buy and exchange multiple currencies instantly at the best live rates on one centralised mobile app. Quick and simple money transfer options are available, as well as the freedom to spend 150+ traditional and cryptocurrencies in more than 54 million locations around the world using the Wirex card.

Wirex continues to develop the product in line with market developments, whilst adhering to regional regulations and securing appropriate licencing where it exists. A proven industry pioneer, Wirex introduced the world's first bitcoin reward programme, Cryptoback™, which earns cardholders up to 1.5% back in Bitcoin for every in-store transaction they make. They also launched their own native utility token, WXT, which entitles holders to rewards and incentives such as heavily-discounted fees and higher Cryptoback™ rewards.

Wirex is based in London with offices in Singapore, Kyiv, Tokyo, Toronto, Dallas, Dublin and Atlanta. With over $3bn worth of transactions processed already and rapid expansion into new territories, Wirex is uniquely placed to support and promote the mass adoption of a cashless society through creative solutions.

Leading Payments Platform Wirex Launches First £1 Million Crowdfunding

By <a style="color: #4bbb87;" href="https://wirexapp.com/">Wirex</a>

--

20th July 2020

Leading payments platform Wirex today announced their partnership with Mastercard, as they become the first cryptocurrency-native platform to secure Mastercard principal membership. The news further solidifies Wirex’s vision to bring cryptocurrency to the mainstream with the support of Mastercard, the renowned global payment technology company, by giving Wirex additional functionality and control.

Principal membership will enable Wirex to issue payment cards directly, offering even more convenience, reduced costs and faster transactions on a platform that is striving to make all currencies equal. The partnership gives Wirex the opportunity to continue improving its cutting-edge services, offering customers the ability to instantly buy, hold, exchange and spend multiple traditional and cryptocurrencies at the best in-market rates, within one platform.

Wirex is one of the few crypto-friendly companies that is a UK regulated e-money institution. Already serving 3 million customers across 130 countries, the company was the first in the world to offer a contactless Wirex debit card, bringing cryptocurrency into everyday life by instantly converting it into traditional currency,  with the ability to spend in-store at over 54 million locations around the world where Mastercard is accepted. Wirex also introduced the world’s first cryptocurrency rewards program, Cryptoback™, automatically giving customers up to 1.5% back in Bitcoin for every purchase made in-store.

Pavel Matveev, CEO and co-founder of Wirex, discusses how pivotal this move is for Wirex. “Wirex is proud to have become a principal member of Mastercard. It has always been our vision to empower everyone to enjoy the advantages of a world where all currencies are equal, and this membership is a step in the right direction.” Matveev believes this is just the start of a series of exciting announcements for Wirex, “we’ve been working hard to develop a cheaper, faster and safer platform, and we’re excited to announce some revolutionary advancements over the next few months that will change the fintech and crypto spaces forever”.

Edoardo Volta, Head of Fintech, Mastercard UK &amp; Ireland, added “We are excited to be starting this new relationship with Wirex, offering consumers further choice and flexibility in the way they pay. We look forward to supporting Wirex in the delivery and growth of their innovative payment solutions.”

Wirex has been growing rapidly over the past 18 months, with a successful expansion into the vast APAC market, release of their native Wirex Token (WXT), and office openings in Japan, Singapore, Atlanta, Dallas, Toronto and Dublin. Today’s announcement marks the start of a new phase at Wirex that will revolutionise the fintech and cryptocurrency spaces. Later this year, the company plans to launch a next-generation of Wirex card for customers in the EEA region, with game-changing features including additional currencies, free international ATM withdrawals, sky-high limits and next-to-no fees, that will ensure it has a significant advantage over its competitors. Wirex also has plans to start issuing corporate cards for Wirex Business clients in the next few months, which will ensure Wirex continues to innovate in the space and make digital currency more accessible for the mass market.
<h4>Notes to editors:</h4>
About Wirex

Wirex is a worldwide digital payment platform and regulated institution that has forged new rules in the digital payments space. In 2015, the firm developed the world’s first contactless payment card that gives users the ability to seamlessly spend digital and traditional currencies in real life.

Wirex was created in 2014 by CEOs and co-founders Pavel Matveev and Dmitry Lazarichev, who identified the need to open up the esoteric world of cryptocurrencies and make digital money accessible for everyone. With the core aim of making it as easy as possible to use digital assets in everyday life,  Wirex provides a trusted and cost-effective service for digital and traditional currency transactions by integrating the next generation of payments infrastructure integrated with cryptocurrency blockchains.

With over three million customers across 130 countries, the company offers secure accounts that allow customers to easily store, buy and exchange multiple currencies instantly at the best live rates on one centralised mobile app. Quick and simple money transfer options are available, as well as the freedom to spend 150+ fiat and cryptocurrencies in more than 54 million locations around the world using the Wirex card.

Wirex continues to develop the product in line with market developments, whilst adhering to regional regulations and securing appropriate licencing where it exists. A proven industry pioneer, Wirex introduced the world's first bitcoin reward programme, Cryptoback™, which earns cardholders up to 1.5% back in Bitcoin for every in-store transaction they make. They also launched their own native utility token, WXT, which entitles holders to rewards and incentives such as heavily-discounted fees and higher Cryptoback™ rewards.

Wirex is based in London with offices in Singapore, Kiev, Tokyo, Toronto, Dallas and Atlanta. With over $3bn worth of transactions processed already and rapid expansion into new territories, Wirex is uniquely placed to support and promote the mass adoption of a cashless society through creative solutions. 

| <a style="color: #4bbb87;" href="https://wirexapp.com/">wirexapp.com</a> |

Wirex Becomes World’s First Crypto-Native Platform to Secure Mastercard Principal Membership

A global leader in digital money solutions for both personal and commercial use, seamlessly integrating traditional and cryptocurrencies to support multi-currency accounts, transfer and exchange services.

Wirex

A global leader in digital money solutions for both personal and commercial use, seamlessly integrating traditional and cryptocurrencies to support multi-currency accounts, transfer and exchange services.

Wirex

Wirex

Team Members

Agata Palma

Dmitry Lazarichev

Insights

Wirex Achieves Record Crowdfund for Crypto Company, Raising Over £3.7 Million

Leading Payments Platform Wirex Launches First £1 Million Crowdfunding

Wirex Becomes World’s First Crypto-Native Platform to Secure Mastercard Principal Membership