Wirex achieves 3 million users and reaches profitability

8th April 2020, London, UK – Wirex announced today that it has maintained 3 million registered customers in over 130 countries for its alternative banking services and has reached profitability.

Founded in 2014, Wirex is a leading mobile payments platform that allows customers to buy, store, exchange or spend digital and traditional currencies. It was the first company in Europe to offer its clients debit cards linked to cryptocurrency accounts, enabling blockchain and digital currency to finally enter the mainstream and become usable in everyday transactions.

“We are extremely happy that over 3 million customers have recognised the benefits of managing currencies – both crypto and fiat – on one, centralised mobile app,” said co-founder and CEO Pavel Matveev. “We are seeing broad and widespread use of our Wirex card which gives our customers the ability to seamlessly spend their crypto currencies wherever Visa is accepted.”

Wirex operates in 130 countries, providing simple money transfer options and the ability to spend 150 currencies in more than 46 million locations in 200 regions around the world.

Following its successful expansion across Europe and Asia, Wirex is planning to enter the US market later this year.

“Wirex was the first company to introduce a debit card allowing users to spend digital currency – and our customers have really embraced that capability. Customers use it for transport fares, groceries, restaurants and other everyday uses,” added Matveev. “This success shows that we’ve truly democratised access to cryptocurrencies by removing key barriers to usage and helping to bring the world ever closer to mass adoption.”

About Wirex

Wirex is a UK FCA-licensed global digital payment platform that has forged new rules in the digital money arena. The firm gave the world the first payment card that lets users seamlessly spend their digital and traditional currencies in real life.

The company also offers currency accounts that let you buy or exchange multiple currencies instantly at live interbank rates for free.  Quick and simple money transfer options are available, as well as the freedom to spend whilst travelling abroad in over 150 currencies in more than 46m million locations in 200 regions around the world.

Wirex is based in London with offices in Singapore, Kiev, Tokyo, Toronto, Dallas and Atlanta. It supports over 3 million customers in 130 countries.