Wirex

What Wirex does

Wirex is a London-headquartered digital payments platform, founded in 2014, that bridges cryptocurrency, stablecoins, and traditional fiat currencies for consumers, Web3 businesses, and fintech developers. The company operates a unified infrastructure spanning consumer (Wirex One app with debit cards, savings, credit, and trading products), business (Wirex Business for Web3 treasury and corporate cards), and developer (Wirex API/BaaS for stablecoin accounts, card issuance, and global payments) segments across more than 130 countries, serving a base of 7 million users.

The platform is anchored by Wirex's principal memberships with both Visa and Mastercard, an uncommon dual-rail position that enables direct card issuance and acceptance at 80 million merchants worldwide. The proprietary technology stack processes on-chain stablecoin transactions across multiple blockchain networks (TRON, Stellar, Algorand, Cardano) and converts them to fiat for merchant settlement in real time. Notable technical components include the first dual-stablecoin settlement network (USDC and EURC on Stellar), Stablecoin Push-to-Card powered by Visa Direct (3 billion+ cards reachable, sub-30-second settlement), non-custodial card issuance, and Wirex Agents, a non-custodial infrastructure layer with an MCP server enabling AI agents to autonomously open accounts and execute stablecoin payments. Wirex Business and the BaaS API layer extend the same rails to enterprise treasury, white-label card programs, and developer partners.

Wirex generates revenue across multiple streams: card transaction fees and interchange from the Visa and Mastercard networks, BaaS API licensing and per-transaction processing from fintech partners, spreads on crypto/fiat/exchange conversions, interest income on X-Account savings (up to 9.75% APY) and crypto-backed credit products, tiered subscription plans (Standard, Premium, Elite, Metal) with Cryptoback rewards, and institutional-grade stablecoin yield (up to 6% APR) via Morpho and Gauntlet. Go-to-market combines direct-to-consumer app-based acquisition, B2B API partnerships with white-label and co-branded card programs (e.g., SecondFi, Utorg, EVEDEX, Chimera Wallet, Collective Memory), and blockchain ecosystem distribution. The company reports $20 billion+ in cumulative processed transactions since 2014 and $850 million+ in annualized onchain payment volume as of early 2026.

Name

Wirex

Legal name

Wirex Europe sp z.o.o.

Website

https://wirexapp.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

Wirex is a London-based digital payments platform that bridges stablecoins, crypto, and fiat across 130+ countries, serving 7 million consumers, Web3 businesses, and fintech developers via a dual Visa/Mastercard principal membership and proprietary stablecoin settlement infrastructure.

Ownership category

akta.pro rank

Product category

Crypto Payment Infrastructure

NAICS

Credit Card Issuing (52221), Credit Card Issuing (522210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)

akta.pro secondary industries

Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), Card Issuing Platforms (Issuer Processing) (FSAGABAD), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF), Centralized Crypto Exchanges (CEX) (FSAPADAA)

Keywords

• Crypto payment platform
• Digital wallet services
• Banking-as-a-service
• Stablecoin payment infrastructure
• Crypto debit cards

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Card Transaction Fees: Wirex earns revenue from transaction fees on card payments processed through its Visa and Mastercard principal membership. Merchants and consumers using Wirex cards pay fees on each transaction, with the company also earning a share of the payment network interchange.
2. Banking-as-a-Service (BaaS) API Access: Wirex provides infrastructure APIs to fintech partners for card issuance, stablecoin accounts, and payment processing. Partners embed Wirex's BaaS stack via single API integration, generating recurring revenue from licensing and transaction processing fees.
3. Crypto and Fiat Exchange Spread: Wirex charges spreads on currency exchange between crypto, stablecoins, and fiat currencies within its platform, including real-time conversions at point of sale.
4. Interest Income (Savings and Credit): Wirex offers savings products (X-Accounts with up to 9.75% APY on stablecoins) and credit products (Wirex Credit, Wirex Multiply leveraged trading). Revenue is generated from the spread between what Wirex earns on deposited assets and what it pays users in interest.
5. Subscription Plans: Wirex offers tiered subscription plans (Standard, Premium, Elite, Metal) with different Cryptoback reward rates and benefits. Higher tiers provide increased cashback rates and perks.
6. Institutional Yield Products: Partnership with Morpho and Gauntlet enables Wirex to offer institutional-grade stablecoin yield (up to 6% APR) to business accounts, generating revenue from on-chain lending infrastructure fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

Wirex operates a stablecoin-native payment platform that bridges blockchain networks (Stellar, TRON, Algorand, Cardano) with traditional card rails (Visa, Mastercard). Its consumer offering centers on the Wirex Card and Wirex One app for spending, exchanging, saving, and earning rewards across crypto and fiat. The Wirex Business and Stablecoin API/BaaS extend the infrastructure to corporates and fintechs needing treasury management, corporate cards, white-label card issuance, real-time crypto-to-fiat conversion, and AI-agent payment capabilities.

Product overview

Wirex is a unified digital payments platform where stablecoins become real-world money for consumers, businesses, and developers. The platform operates across three segments: (1) Wirex One — the primary consumer app combining multi-currency accounts, crypto trading, Wirex Card (physical/virtual/metal), X-Accounts savings products (Flexible, Plus, Fixed), Wirex Crypto Credit, Wirex DUO, and Wirex Multiply leveraged trading; (2) Wirex Business — a corporate BaaS platform for Web3 treasury management, corporate cards, and stablecoin yield; and (3) Wirex API/BaaS — a developer platform providing stablecoin card issuance, IBAN accounts, Stablecoin Settlement (dual USDC/EURC), Onchain Infrastructure orchestration, Co-Branded Card, and Wirex Agents for AI agent autonomous payments. Wirex also offers Wirex Private as a premium tier for high-net-worth users with $100K+ balances. The platform is anchored by Wirex's principal memberships with both Visa and Mastercard and over $20 billion in cumulative transactions processed since 2014.

Differentiator

Problem solved

Functional benefit

Brands

• Cardano Card: Multi-chain crypto card integrated into Wirex app, launched in partnership with EMURGO
• Chimera Card
• Stablecoin Push-to-Card
• Wirex Agents

Products and services

• Wirex Card (Physical and Virtual) A debit card enabling users to spend cryptocurrency, stablecoins, and traditional currencies at any Visa or Mastercard accepting merchant worldwide. Available in physical metal and virtual forms, with real-time crypto-to-fiat conversion at point of sale and up to 8% Cryptoback rewards.
• Wirex One Primary consumer mobile application combining banking, debit card, savings, and crypto trading into a single unified platform. Users save, borrow, spend, and trade fiat and crypto with real-time balance tracking, up to 8% cashback, and up to 9.75% APY on savings.
• X-Accounts (Flexible, Plus, Fixed) Interest-bearing crypto savings accounts earning variable or fixed APY on deposited digital assets. Flexible offers variable rates with instant withdrawal; Plus offers higher fixed rates with 30-day notice; Fixed locks assets for selected terms with fixed returns.
• Wirex Crypto Credit Crypto-collateralized credit facility allowing users to borrow stablecoins or other digital assets by depositing crypto as collateral. Supports LTV ratios of 40-75%, up to 5 active credit lines, maximum AUD 100,000 total borrowing across a 6-month term.
• Wirex Business Corporate banking platform for Web3 and crypto businesses unifying stablecoins, fiat accounts, and Visa cards for global payments, treasury management, and corporate card issuance with zero FX fees and instant settlement.
• Wirex Private Premium banking tier for high-net-worth users requiring $100,000+ balances, offering priority support, a dedicated personal manager, higher metal card limits, exclusive private-only features, and insurance coverage for large holdings.
• Wirex DUO Intelligent short-term dual-asset investment tool generating up to 400% APR by locking crypto pairs for fixed terms. Users profit regardless of market direction, with assets secured through Fireblocks institutional custody.
• Wirex Multiply Leveraged crypto financing product offering 2x-50x multiplier exposure on crypto pairs. Users transfer initial amounts and receive leveraged economic exposure referencing selected Crypto Pairs with Take Profit and Stop Loss contractual settlement triggers.
• Wirex Stablecoin API / BaaS Stablecoin Cards & Global Payments API providing developers a single API for global stablecoin accounts, payments, and card issuance. Enables fintechs to embed non-custodial card issuance, IBAN accounts, real-time crypto-to-fiat conversion, and DeFi yield through a single API connection.
• Wirex Agents Non-custodial infrastructure layer enabling AI agents to autonomously create stablecoin cards, open virtual accounts, and execute financial transactions directly on-chain. Includes MCP server and reusable agent skills compatible with Claude Code and other agent toolchains.
• Stablecoin Settlement The first dual-stablecoin settlement network for global payments, enabling processing and settlement of card transactions in both USDC and EURC at scale with lower fees, faster processing, and 24/7 availability.
• Co-Branded Card White-label card issuance product enabling partners to launch co-branded crypto debit cards using Wirex's BaaS infrastructure, accepted at 80M+ merchants globally.
• Bank Accounts (IBAN) Global stablecoin bank accounts with 1:1 fee-free fiat-to-stablecoin conversion and support for EUR and USD IBAN accounts, bridging on-chain funds directly into the traditional financial system.
• Onchain Infrastructure One API orchestration layer enabling movement, storage, conversion, and acceptance of stablecoins across multiple blockchain networks and banking rails with faster settlement, lower costs, and global reach.
• Wirex Referral Program Customer-acquisition referral program where both referrer and referee earn $10 for deposits over $100 or $30 for deposits over $500 into X-Account Plus, with unlimited referrals allowed.

Quantifiable outcome

• 10x month-over-month growth in stablecoin payment volume within four months of November 2025 launch
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration27 records

AI capability5 records

Feature6 records

Partnerships

17 partnerships are on record, tiered flagship, core and minor.

• VisaflagshipStrategic or Co-development Partner · 9 June 2026Wirex joined Visa's Agentic Ready programme as an issuer to support AI-driven agent-initiated payments in the UK. The collaboration aims to establish trusted models for AI-delegated financial actions within Visa's global payment networks, exploring real-world use cases including SaaS subscriptions, marketing budget management, and corporate procurement automation. Wirex leverages its unique position as a principal member of both Visa and Mastercard with $20 billion in processed transactions.
• SecondFi (EMURGO/Cardano)coreStrategic or Co-development Partner · 8 May 2026SecondFi, the self-custodial neofinance platform from EMURGO (co-founder of Cardano blockchain), partnered with Wirex to launch a self-custodial card enabling users to spend crypto and fiat worldwide while retaining full control of funds. The card natively integrates into the SecondFi app supporting ADA, BTC, ETH, USDC, stablecoins, and hundreds of other assets with crypto cashback and DeFi utilities.
• UtorgcoreOEM/ Whitelabel/ Licensing Partner · 8 April 2026Wirex partnered with Utorg, a global fintech serving 2M+ users across 190+ countries, to embed Wirex's full BaaS stack including non-custodial card issuance, EUR/USD IBAN accounts, and real-time crypto-to-fiat conversion into the Hÿper App for 300,000+ users.
• CrossmintcoreTechnology or Integration · 6 April 2026Wirex and Crossmint integrated platforms enabling fintechs to launch stablecoin-funded debit cards through a single integrated stack. The combined offering consolidates wallet provider, card issuer, and compliance framework into a single deployment achievable in days. Infrastructure positioned to support agentic finance where AI agents autonomously hold, move, and spend stablecoin balances. Target market is $18B annualized stablecoin card volume growing 106% annually.
• Ultra StellarflagshipTechnology or Integration · 5 April 2026Wirex and Ultra Stellar launched native payment infrastructure built on Stellar's Soroban smart contract platform. The infrastructure enables stablecoin-powered virtual bank accounts, fiat-to-stablecoin conversion, co-branded card issuance at 80M+ merchants, and support for ACH, SEPA, PIX, FPS, SWIFT, and Push-to-Card rails. Users can earn up to 6% APY on stablecoin balances. Infrastructure designed for autonomous AI agents.
• EVEDEXminorOEM/ Whitelabel/ Licensing Partner · 12 March 2026Wirex powers the EVEDEX Card for the EVEDEX hybrid cryptocurrency exchange built on Arbitrum Layer 3 infrastructure. Card enables traders to spend crypto at 80M+ merchants with real-time conversion, Apple Pay/Google Pay integration, and EUR/USD IBAN accounts while retaining self-custody.
• Collective MemoryminorOEM/ Whitelabel/ Licensing Partner · 11 February 2026Wirex partnered with Collective Memory, a decentralized social platform, to launch the Collective Memory Card enabling creators to spend content earnings instantly at merchants worldwide. ATTN tokens convert to spendable funds in real time with zero prefunding requirements. Available to EU and UK users from March 2026.
• TRON DAOflagshipStrategic or Co-development Partner · 8 January 2026Wirex and TRON DAO launched fully on-chain payment infrastructure enabling digital asset transfers with near-zero fees and instant settlement for retail payments, international transfers, and digital commerce. TRON processes approximately $7.9 trillion in annual USDT transfer volume and handles 65% of global retail-sized USDT transactions. Infrastructure bridges TRON's on-chain economy to Visa's 80M+ merchant network across 130+ countries.
• MorphocoreTechnology or Integration · 9 December 2025Wirex partnered with Morpho to offer institutional-grade stablecoin yield to business accounts, enabling businesses to access on-chain lending infrastructure with up to 6% APR on stablecoin balances.
• GauntletcoreTechnology or Integration · 9 December 2025Wirex partnered with Gauntlet to provide risk management tools for business account yield products, enabling institutional-grade stablecoin yield with risk-adjusted returns.
• Algorand FoundationcoreTechnology or Integration · 1 December 2025Partnership with Algorand Foundation enables USDC payments on Algorand blockchain, providing services to over 7 million users and 80 million merchants worldwide. Fast, borderless, fully on-chain transactions integrated directly within Wirex infrastructure and Visa card services.
• Algorand FoundationcoreTechnology or IntegrationWirex and Algorand partnered to enable USDC payments on the Algorand blockchain, affecting over 7 million users and 80 million merchants globally. Collaboration involves developing Algorand-native payment infrastructure with instant, zero-fee cross-border transactions and global merchant acceptance.
• Stellar Development FoundationflagshipStrategic or Co-development PartnerWirex and Stellar Development Foundation launched dual-stablecoin Visa Settlement using USDC and EURC, enabling direct on-chain payment settlement. Benefits include lower fees, faster processing, and 24/7 availability for 7M+ Wirex users. Partnership supports both global and regional use cases.
• Chimera Wallet (Arkade Protocol)coreOEM/ Whitelabel/ Licensing PartnerChimera Wallet, the first Bitcoin super-app built natively on Arkade Protocol, partnered with Wirex for the Chimera Card enabling Bitcoin spending at 80M+ merchants. Pre-orders opened with physical cards expected Q1 2026. Chimera operates as a non-profit association with planned Chimera Card via Wirex for merchant spending.
• FireblockscoreTechnology or IntegrationFireblocks provides institutional-grade custody for Wirex DUO investment products and general digital asset protection, with $30 million+ insurance coverage on digital assets.
• SumsubcoreTechnology or IntegrationSumsub provides verification and fraud prevention services for Wirex's KYC/AML compliance. Wirex recognized in Sumsub's Risk Intolerant Registry as demonstrating strong compliance practices.
• OpenPaydminorChannel Partner/ Reseller/ DistributorOpenPayd provides virtual IBAN infrastructure for Wirex's business accounts, enabling cross-border payment capabilities.

Scale indicators13 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Crypto.com: Direct competitor in crypto cards and payments with a Visa-principal card program, fiat-to-crypto conversion, multi-tier subscription plans, and Cryptoback-style rewards — overlapping deeply with Wirex's consumer offering.
• BitPay: Long-standing crypto payment processor and Mastercard crypto card issuer (BitPay Card) focused on merchants and consumer crypto-to-fiat conversion, directly comparable to Wirex's core card-issuance business.
• Nexo: Crypto lending and card-issuance platform with the Nexo Card (Mastercard), crypto-backed credit lines, and yield products — competing head-to-head with Wirex Credit, X-Accounts, and card rewards.
• Bybit: Crypto exchange operating Bybit Card (Mastercard) with crypto-to-fiat conversion and rewards, directly comparable to Wirex's card offering and consumer crypto spending experience.

Broad incumbents

• Coinbase: Large publicly-listed crypto platform with Coinbase Card, USDC issuance via Circle, Base L2 payments, and BaaS via Coinbase Cloud — competing with Wirex across cards, stablecoins, and developer infrastructure, though at much broader scale.
• Binance: World's largest crypto exchange with Binance Card (Visa) and Binance Pay, offering crypto spending at merchants worldwide plus stablecoin payment rails — comparable to Wirex on cards and payment utility at significantly larger scale.
• PayPal: Mainstream payments giant now operating PayPal USD (PYUSD) stablecoin, crypto buying/selling, and Venmo card — competes with Wirex on consumer crypto spending and stablecoin payments from a much larger traditional-finance incumbent position.
• Revolut: Global neobank offering multi-currency cards, crypto trading, and stablecoin features — overlaps with Wirex's consumer card and FX utility, though Revolut's broader banking footprint and 40M+ users dwarf Wirex's 7M.

Emerging players

• MoonPay: Crypto payments infrastructure provider offering fiat on/off-ramps, card issuance, and stablecoin APIs — overlapping with Wirex's BaaS stack and developer integrations at a more B2B-focused layer.
• Bridge (Stripe-owned): Stablecoin orchestration and card-issuing API acquired by Stripe for $1.1B, providing fiat-to-stablecoin and card issuance infrastructure — competes with Wirex's BaaS API and Onchain Infrastructure orchestration layer in the stablecoin payments developer market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/wirexapp
• YouTubeyoutube.com/channel/UCAI8wK4Z9vxYM08lp3C7d_A
• Facebookfacebook.com/wirexapp
• LinkedInlinkedin.com/company/wirex-limited
• Instagraminstagram.com/wirexapp
• TikToktiktok.com/@wirexapp.com

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wirex