About Wirex
Wirex is a company based in London (United Kingdom) founded in 2014 by Georgy Sokolov, Rajiv Sainani, and Pavel Matveev.. Wirex has raised $22.2 million across 4 funding rounds from investors including SBI Investment. Wirex offers products and services including Wirex Card, Wirex DUO, X-Accounts, and Cryptoback Rewards. Wirex operates in a competitive market with competitors including AZA Finance, Skrill, Pockit, Glint and Plutus, among others.
- Headquarter London, United Kingdom
- Founders Georgy Sokolov, Rajiv Sainani, Pavel Matveev
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Wirex Limited
- Date of Incorporation 01 Dec, 2014
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.2 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series B
Feb 15, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Wirex
Wirex offers a comprehensive portfolio of products and services, including Wirex Card, Wirex DUO, X-Accounts, and Cryptoback Rewards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Debit card for crypto transactions and rewards programs.
Platform for passive earnings on cryptocurrency investments.
Account to earn interest on digital assets securely.
System for earning crypto rewards on purchases.
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Funding Insights of Wirex
Wirex has successfully raised a total of $22.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $15.0M
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First Round
First Round
(06 Mar 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2022 | Amount | Series B - Wirex | Valuation |
investors |
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| Sep, 2020 | Amount | Series A - Wirex | Valuation |
investors |
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| Jul, 2019 | Amount | Token Sale - Wirex | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wirex
Wirex has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include SBI Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funds are managed to support unlisted companies' growth.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wirex
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wirex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wirex Comparisons
Competitors of Wirex
Wirex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AZA Finance, Skrill, Pockit, Glint and Plutus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Software for cross-border remittances and forex management is provided.
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| domain | founded_year | HQ Location |
Online payments and digital wallet services are facilitated internationally.
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| domain | founded_year | HQ Location |
Debit cards for consumers
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| domain | founded_year | HQ Location |
Mobile wallet for gold investments and currency transactions is operated.
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| domain | founded_year | HQ Location |
Bitcoin is converted to fiat for contactless mobile payments worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wirex
Frequently Asked Questions about Wirex
When was Wirex founded?
Wirex was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Wirex located?
Wirex is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Wirex a funded company?
Wirex is a funded company, having raised a total of $22.2M across 4 funding rounds to date. The company's 1st funding round was a Token Sale of $7M, raised on Mar 06, 2017.
What does Wirex do?
Wirex was founded in 2014 in London, United Kingdom, within the fintech sector. An app-based wallet is operated for managing cryptocurrencies and traditional currencies, with services such as money transfers, bill payments, cash withdrawals, online payments, and currency exchanges being facilitated. NFC-enabled prepaid cards are issued for both online and offline transactions. The platform is accessible via iOS and Android applications.
Who are the top competitors of Wirex?
Wirex's top competitors include Pockit, Skrill and AZA Finance.
What products or services does Wirex offer?
Wirex offers Wirex Card, Wirex DUO, X-Accounts, and Cryptoback Rewards.
Who are Wirex's investors?
Wirex has 1 investor. Key investors include SBI Investment.
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