Wirex

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SummaryEdit

Wirex is a unique UK fintech that aims to make all currencies equal. Operating in 130 countries with 3.1m registered users, this crypto-friendly payments platform launched the world’s first Visa crypto-enabled payments card. In 2020, Wirex became Mastercard’s first "native" crypto-friendly principal member.

  • 3.1m+ registered users in 130 countries
  • 220k+ monthly active users
  • £3bn+ cumulative transaction volume
  • £315m turnover, £4m net profit (last 12 months to June 2020)

IdeaEdit

In a world of financial convergence, digital solutions are needed more than ever.

At the forefront of fintech innovation since its inception, Wirex brings crypto & fiat currencies together into one simple payments platform. Our mission is clear - break down barriers to holding different currencies and ‘make all currencies equal’. We’re building a platform where buying, holding, saving and spending any digital and traditional currency is quick, easy and accessible. The Wirex app supports 12 fiat and 10 crypto currencies. It is available in 130 countries and with more than 3m registered users.

Company milestones:

  • Mastercard Principal Membership (2020)
  • Innovate Finance #Pitch360 winners (2020)
  • US Money Transmission License in State of Georgia
  • Singapore PSA licence application submitted (2020)
  • APAC payment card launched (2019)
  • E-money (fiat) licence in the UK (2018)
  • VC-backed by SBI Group
  • Rated Excellent on Trustpilot

Our rapid growth is built on a proven business case that saw us turn a profit in 2020. Available in EEA and APAC, we’re planning to expand to the USA by end-2020.

Proudly a "hedgehog" fintech - our journey to becoming a tech unicorn is built on managing and monetising growth sensibly. Millions of ‘Wirexers’ have supported our growth - this funding round is deliberately aimed at giving them an opportunity to own a share of the brand.

TeamEdit

Pavel Matveev, co-CEO of Wirex. Many years experience in software for financial services firms including Barclays, Morgan Stanley, Credit Suisse and BNP Paribas.

Dmitry Lazarichev, co-CEO of Wirex. An experienced entrepreneur and alumnus of CASS business school, Dmitry has over 15 years’ experience in finance.

Martin Best, Chief Marketing Officer. A wealth of experience supporting scale-up fintech companies such as WorldRemit and Nordic API Gateway through his agency.

Michael Moore, Chief Compliance Officer / MLRO. Extensive knowledge accrued from his experience in financial compliance for firms such as Paysafe.

Amy Barker, Global Head of People. Committed to employing a diverse team and fostering a global culture that embraces differences and amplifies teamwork.

Harold Montgomery, MD Wirex USA. Over 30 years’ experience in financial services and C-suite management with extensive P&L responsibilities.

Wataru Kojima, MD Wirex Japan. UK-educated fintech expertise with decades of experience in global scale-up and financial firms such as Saxo Bank.

Dominique Simon, General Counsel. An experienced fintech and blockchain lawyer with experience in regulatory and compliance matters; overseeing our global licensing and legal team.