£ 3.7 Million has been started by Wirex, a Crypto Startup, and around 7000 investors have crowdfunded and invested here. Wirex had estimated around £ 1 million or $ 1.3 million in the funding but that amount was well surpassed.

The amount raised was around 370 % more than the company’s targets. Since opening pre-registration for the private sale, we’ve had an overwhelming response from users around the world wanting to invest in Wirex…Our performance so far has proven to investors that we are making incredible advances in the fintech and crypto spaces, and this growth will only continue.- said Pavel Matveev the Wirex CEO and co-founder.

Around $186,600 was made via crowdfunding in 2015. 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 -Matveev added.

The company had been looking forward to democratizing cryptocurrency and crowdfunding is helping in this achievement immensely according to him.

SBI group backs Wirex and $3 million have been raised in Series A round, according to sources from Crunchbase. The company offers a debit card to customers in Europe linked to accounts that support Cryptocurrency and rewards spending of around 1.5 percent in Bitcoins. The company aims expansion in the US and Japanese markets soon.

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