Wirex Limited, the provider of the bitcoin card E-Coin, closed its fundraising campaign at BnkToTheFuture, raising $186,596 from 93 investors. E-Coin’s funding target was $300,000.
E-Coin plans on using the funds to create a dedicated support team. The company, which claims to have over 50,000 users and a monthly growth rate of 30%, plans on hiring customer support and expanding product development.
E-Coin co-founder Dmitry Lazarichev commented:
We have been a lean and agile startup. We are currently the only company which offers cards nominated in three fiat currencies and we have major plans with our current round of funding. We will be announcing multiple exciting developments in the coming weeks and months.
Simon Dixon, CEO BnkToTheFuture, added:
I first got interested in E-Coin as a customer who wants to spend Bitcoins wherever I go in the world and they offered debit cards where I could spend my Bitcoin in GBP, USD and EUR when I travel to those countries. We were delighted that our online investor community closed the funding round in E-coin and I look forward to seeing where the company goes next with the additional capital and support from 93 investors that all want to support financial innovation.
E-Coin has debit cards denominated in USD, EURO, and GBP and plans on adding additional currencies. Bitcoins sent to E-Coin are secured by BitGo with multi-signature security and insured by XL Group.