Ziglu hits £1 million crowdfunding target in under 3 hours

Ziglu, the challenger and fully FCA authorised Electronic Money Institution, have opened their crowdfunding round to the public today.

Ziglu is looking to raise £1 million and will use this money to expand the technology and product development teams, accelerate growth and continue to build a global challenger. There has been significant interest from investors, during the pre-registration phase and private launch, Ziglu has already raised £300,000.

Since launching, with instant and effortless cryptocurrency exchange in June 2020, Ziglu has released a stream of new features and functionality. Customers can now make peer-to-peer payments across all currencies, both digital and traditional, and make faster payments to any UK account.

With Ziglu 100% of customers’ total digital assets are insured against cyber-attacks, up to the value of £50,000, and fiat currencies are safeguarded in a segregated account. Ziglu was one of the first companies to be regulated by the 5th Money Laundering Directive for crypto assets.

Mark Hipperson, Ziglu Founder and Chief Executive Officer said: “It is important to us that our customers have a chance to be part of Ziglu, not just as account holders but as owners. We have had significant interest from professional investors but we want to give everyone the opportunity to come on our journey with us!”

Ziglu’s Chief Growth Officer, Yang Li, added: “Crowdfunding is a chance for us to thank the Ziglu community, experiencing our growth through ownership. With £10 as the minimum investment we want to make sure that this opportunity is open and accessible to everyone – the same approach we take to crypto.”

Ziglu is constantly enhancing the platform in response to customer needs with a lot more features, functionality and currencies scheduled for delivery during 2020 and beyond.