Ziglu Builds for Growth With Crowdfunding Drive
UK-based money app Ziglu is launching a second round of crowdfunding, aiming to raise £1 million through leading equity crowdfunding platform Seedrs, in conjunction with their Series A fundraise with venture capital firms.
The fundraise will help drive the continued rapid expansion at the fintech, which offers account services and enables customers to buy and sell a range of cryptocurrencies. Ziglu’s previous crowdfund on the Seedrs platform in September 2020 had a target of £1 million, but ended up raising more than £6 million and was over-subscribed within three hours. With more than 1,200 individual investors it ranked as Seedrs’ largest equity raise in 2020.
Ziglu, which was created by Mark Hipperson, one of the founders of Starling Bank, has seen exceptional growth this year with its customer base quadrupling over the course of 2021.
Research(1) for Ziglu shows that almost one in 10 (9%) of adults in the UK currently own cryptocurrencies, highlighting how the sector is becoming more mainstream. This maturing is reinforced by investors’ response to the recent price drop in crypto assets, with the study finding that nearly half (48%) of crypto investors either held on to their investments or bought more.
Mark Hipperson, Founder and CEO of Ziglu said: “Our growth in 2021 has enabled us to build exciting plans for further expansion of the business. The cryptocurrency market is becoming increasingly mainstream, as demonstrated by the numbers of people who are trading and investing for the long-term. We want individual investors to be able to benefit as well as institutional investors, which is why we remain committed to crowdfunding as part of the development of the business.”
Ziglu offers customers access to Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Ether, Litecoin, Polkadot, Solano and Tezos. Ziglu is regulated by the Financial Conduct Authority, is fully authorised as an Electronic Money Institution, and is also one of the world’s first cryptocurrency platforms to comply with the Anti Money Laundering and Counter Terrorist Financing standards set by Financial Action Task Force (FATF), implemented in over 200 jurisdictions. As with any investment, capital is at risk.
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