Wirex, a UK-based payments platform, has completed its equity crowdfunding campaign on Crowdcube with a total of £3,701,909 secured. The funding round, which secured its initial £1 million funding target just 90 minutes after its platform debut, attracted 6925 Crowdcube investors.
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 the platform’s users always get the best deal. 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.”
Speaking about the investment round’s success, Matveev shared:
“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.”
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. The license will notably allow Wirex 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. mIn regards to what the campaign’s funds will be used for, Wirex added:
“Proudly a ‘hedgehog’ fintech – our journey to becoming a tech unicorn is built on managing and monetizing 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.”
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