Wirex, a UK-based payments platform, has successfully secured more than £2.3 million through its equity crowdfunding campaign, which launched less than two weeks ago on Crowdcube. Wirex’s initiative originally sought to raise £1 million and quickly achieved the goal just hours after debut.
As previously reported, Wirex is a UK FCA-licenced global digital payment platform that has forged new rules in the digital money arena. The company also claims it is the only platform that allows access to OTC and interbank rates for crypto and traditional currency exchanges respectively, ensuring our users always get the best deal. Speaking about the funding round, CEO and Co-Founder of Wirex, Pavel Matveev, recently stated:
“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.”
Wirex noted that it plans to use the crowdfunding round to complete a product overhaul, as well as a launch in the U.S. and Japan in the coming months.
The funding round comes just weeks after Wirex announced it received its first money transmission license in the U.S. from the State of Georgia Department of Banking and Finance. According to Wirex, the license will allow them to engage in the business of money transmission serving the population of the state and marks an important milestone in the payment company’s push to offer its services to the U.S. population. Wirex currently serves three million customers across 130 countries.
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