Notably, the firm raised a staggering $1.1 million within 90 minutes in the funding round that attracted about 7,000 investors. The funding was conducted in collaboration with Crowdcube, a crowdfunding platform. Wirex CEO Pavel Matveev talked about the implication of the record funding by the company. According to Matveev:
Wirex ambitious expansion plan
The latest funding will enable Wirex to solidify its ambitious expansion plans. The company recently announced that it will b undergoing a product overhaul with the launch of five new currencies on the platform in Eastern European countries, as well as an upcoming release multi-currency Mastercard card, and an upgrade of its rewards scheme. Additionally, Wirex plans to open a base in the United States and Japan in the coming months. Wirex currently serves over three million users having joined the market in 2014. The platform enables customers to buy, hold, exchange, and sell multiple crypto and traditional currencies from one platform.
