Wirex

Wirex
Type of business Private
Founded December 2014 (2014-12)
Headquarters London, UK
Area served Worldwide
Founder(s) Dmitry Lazarichev, Pavel Matveev
Industry Financial Technology
Products Bitcoin, XRP, Ethereum, Litecoin, Cryptoback™, cryptocurrency debit card
Employees 250
Website wirexapp.com
Users 1,900,000 (August 2018)

Wirex is a provider of cryptocurrency wallets linked to physical and virtual Visa debit cards, as well as cryptocurrency and traditional currency exchange and payment solutions. The company has offices in London, Singapore, Tokyo, Delaware, Toronto and Kiev.

As of 2017 it served more than 900,000 customers in over 130 countries. It has a pending e-money licenses in the United Kingdom, Singapore and Japan, with further offerings imminent in the US and Canada. Wirex achieved $1 billion of transaction volume in 2017.[1] In April 2018, Wirex announced contactless debit cards and became the industry's first major wallet and card provider to add new Litecoin functionality,[2] augmenting its existing Bitcoin and traditional currency capabilities, in recognition of the rapidly growing adoption of Litecoin as a payment method.[3]

History

The company was established in 2014 with three founders as E-coin. The site was launched in 2015 and the company grew to 100 staff by the end of 2017, based across 4 offices.

In 2015, E-Coin successfully crowdfunded around $200K (£130K) from 93 investors via the online investment platform BnkToTheFuture.[4]

In March 2017, Wirex raised $3 million in a Series A funding round from the Fintech fund established by Japanese financial giant SBI Group.[5][6][7]

See also

References

  1. ↑ "Wirex Community grows to 800,000 and $1 Billion in transactions - Crypto-Friendly Currency Accounts". 2 September 2017.
  2. ↑ "Litecoin comes to Wirex - Crypto-Friendly Currency Accounts". 25 April 2018.
  3. ↑ "Litecoin Payments are Quietly Starting to Catch On". 28 April 2018.
  4. ↑ "E-Coin Bitcoin Debit Card Raises $186,596 In Crowdfunding To Support Growth - CCN: Financial Bitcoin & Cryptocurrency News". CCN: Financial Bitcoin & Cryptocurrency News. Retrieved 2016-04-21.
  5. ↑ "Bitcoin Card Provider Wirex Raises $3 Million from Japan's SBI for Asian Expansion - CryptoCoinsNews". CryptoCoinsNews. 2017-03-16. Retrieved 2017-07-28.
  6. ↑ "A London startup building a contactless bitcoin card has raised £2.5 million". Business Insider. Retrieved 2017-07-28.
  7. ↑ "Wirex Closes $3 mln Japan Funding Round, Eyes Asia Expansion". Cointelegraph. 6 March 2017.


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