Cryptocurrency payments platform Wirex has revealed it surpassed its crowdfunding target by over 370% after raising over £1 million ($1.2 million) in just 90 minutes.

In a press release shared with CryptoGlobe, Wirex noted that nearly 7,000 investors from 94 different countries participate in the crowdfund and invested in the cryptocurrency. Its success saw the firm close the crowdfunding effort 15 days ahead of schedule.

Per the press release, Wirex was the “best performing crowdfunding campaign by a crypto company” undertaken in partnership with equity crowdfunding firm Crowdcube.

The fintech firm gave its 3.1 million customers ad others the chance to invest in the firm before it scales up, the press release adds, noting the Wirex recently announced a product overhaul. The firm has reportedly launched 5 new currencies on its platform in Eastern European countries, is set to soon release a multicurrency Mastercard card, and will upgrade its rewards scheme.

The firm is reportedly also looking to diversify its user base with launches in the United States and Japan in the pipeline .Wirex’s co-founder and CEO Pavel Matveev was quoted as saying that since opening the private sale’s pre-registration the firm saw an “overwhelming response from users around the world.” Matveev added:

Our performance so far has proven to investors that we are making incredible advances in the fintech and crypto spaces, and this growth will only continue.

Wirex’s products lets users buy, hold and exchange multiple cryptocurrencies and fiat currencies in a single platform, and pay for goods and services using a cryptocurrency-enabled debit cards. It has also launched a cryptocurrency rewards scheme.

Its core aim, the document notes, is to bridge the gap between the traditional and digital economies, and it is bringing cryptocurrencies to a mainstream audience. Following the crowdfunding’s success, Wirex is set to open a waitlist for it’s the upcoming European launch of their Mastercard debit card.

Featured image via Pixabay.