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Status: Active

Sep 28th 2020 - Oct 14th 2020

Wirex is a UK financial technology company that aims to bring crypto & fiat currencies together on one simple payments portal. The company is 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, operates in 130 countries, and has more than 3.1 million registered users. Wirex launched the first Visa crypto-enabled payments card in the world. It has a £3 billion cumulative transaction volume and plans to expand to the USA by end-2020. Wirex will use the investment to allow millions of its users to own a share of the brand.

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Wirex Rating Review

Pitch rating powered by CROWDRATING

Rated on 02/10/2020

Pitch Rated

54%

Insufficient Data

Management

81%

Product

80%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

  • £3,703,120
    pledged
  • 370%
    of goal

    £1,000,000
    target

    £125,178,442
    pre-money valuation

    0.79%
    equity available

    6,931
    investors

    £534
    pledge per investor

    12323130
    company number

    Active
    company status

    19/11/2019
    incorporated 2 years

    £9.24
    share price

    Previous Funding rounds
    28 Sep 20 Crowdcube £3,703,120 / 370% 53.67%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 81%

Skills 73%
Wirex is led by experienced founders who brought together a passion for creating a sustainable business model with diverse backgrounds and global experiences. The CEO/Founder is skilled in business strategy, financial modelling, project management, business valuation, startups and venture capitals, management consulting, due diligence, mergers and acquisitions and reconstruction. The Co-CEO is a blockchain entrepreneur with substantial financial/trading knowledge and skilled in bitcoin, cryptocurrencies, and scaling of organisations. The CTO has expertise in FinTech, blockchain solutions, cryptocurrencies, payment solutions, banking, neo banks, artificial intelligence, strategic planning, product development, IT processes, enterprise agility, growth of startups and tech companies. The CMO has skills to build the brand and increase brand awareness through communication, PR, B2B, digital and consumer marketing, public relations, marketing strategy and social media marketing. Also, the finance head of the company is an ACA qualified accountant who has expertise in taxation, audit and assurance, preparing financial statements, management accounts, VAT returns and book-keeping.

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Funding progress



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days to go: Stretch investment: Withheld

  • £3,703,120
    pledged
  • 370%
    of goal

    £1,000,000
    target

    £125,178,442
    pre-money valuation

    0.79%
    equity available

    6,931
    investors

    £534
    pledge per investor

    12323130
    company number

    Active
    company status

    19/11/2019
    incorporated 2 years

    £9.24
    share price

    Previous Funding rounds
    28 Sep 20 Crowdcube £3,703,120 / 370% 53.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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