The numbers on the face of it are more impressive than the biggest Fintechs in the UK, but something doesnāt sit well with me here. I donāt understand how they derived Ā£315 million of revenue. Iām giving this one a wide berth, but would be interested to hear other peopleās thoughts.
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I was one of their very very early users, they were almost invisibleā¦ anyway i stopped using their products and the card. Not for me, not for my taste and not for my needs. And the share price is ridiculous.
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I too stopped using their cards and accounts. I was a very early user. I felt it was a poor UX to start but it did improve.
I signed up to the Crowdcube offering and upon further examination lost all interest.
UK is probably the best in the world in terms of developing fintechs on a per capita basis, but that also increases chance of market saturation.
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Wide berth for me also (gut feeling)
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If I see one more āwe want to give our users a chance to investā campaigns Iāll cry :o)
Really makes me worry that there is a bit of a mess in their finances and with the preferential A & B shares, I worry about what crowdfund investors would actually get back.
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Thought this article was worth sharing. FCA seems to be taking all the wirex complaints seriously now.
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Interesting read. Thanks Luke!
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