Crypto payments firm Wirex, has raised over £3.7 million ($4.3 million) in a crowdfunding campaign on Crowdcube, beating its initial target by 370%.

The London-based firm raised £1 million ($1.1 million) in just 90 minutes, and closed its crowdfunding 15 days ahead of schedule after securing funds from nearly 7000 investors, according to a press release.

Founded in 2014, Wirex has developed a contactless card that lets users seamlessly spend crypto and fiat currencies in real life.

With the new funding in place, the company is working on a a multicurrency Mastercard card, an upgrade of its rewards scheme, and launches in the U.S. and Japan.

"Our mission is to democratize access to cryptocurrency, and this successful crowdfunding campaign is one step further in achieving this goal." Pavel Matveev, CEO, Wirex said in the release.