Wirex launches crowdfunding exercise, sells out in 90 minutes
By Bob Garcia
The cryptocurrency payments platform sees considerable interest as it looks to expand
Leading cryptocurrency payments platform Wirex has recently completed a crowdfunding exercise with great success; it actually sold out only one and a half hours after it went live. After opening a private location for this campaign, the company reached its target of raising $1.29 million, and, by that time, it had already collected $1.68 million. Now that the company has been pushed into overfunding, it will remain open to the public, so everyone has the chance to invest further before the company enters the next phase of its fundraising campaign.
Since Wirex announced its crowdfunding campaign last week, the demand for its services has skyrocketed. The company already has the intention of engaging in business with mainstream fintech companies, so it can give fintech users the opportunity to be part of this business that is revolutionizing both the crypto and fintech spaces by bringing them together. The company’s ambitious plans will only be accelerated going forward.
The speed in which the company raised the desired funds puts it in a very comfortable position, as it builds on its existing achievements and shows how much investors trust in the company’s capacity to take the crypto business to the mainstream market. “It’s a great milestone in achieving our original plan to raise £1 million ($1.29 million) so quickly, but it’s unsurprising given that we have already developed a pioneering platform allowing users to seamlessly buy, hold, exchange and spend multiple traditional and cryptocurrencies. We have decided to extend the raise further to give everyone the opportunity to invest and play a part in Wirex’s extraordinary journey, sharing our vision to take the company to the next level and bring cryptocurrency to the mainstream,” said Pavel Matveev, CEO and co-founder of Wirex.