Cryptocurrency based payments FinTech Wirex has raised £3.7mn in a crowdfunding campaign.
In Brief:
-
It raised its initial target of £1mn in just 90 minutes.
-
Nearly 7000 investors were involved.
-
Wirex offers a contactless card allowing users to spend both crypto and fiat currencies.
What does this mean?
Wirex is planning to launch a multicurrency card with Mastercard and will also be expanding into the US and Japan thanks to the new funding.