Monday, June 24, 2024

Ziglu crowdfunding passes £5 million as its heads to final weeks

UK-based banking, exchange and investment app Ziglu has passed £5 million in investment on the 18th day of its crowdfund campaign on Seedrs, the leading crowdfunding platform

The fintech, which offers banking services, foreign exchange and safe, simple access to leading cryptocurrencies, originally set out to raise £1 million but was oversubscribed in 81 minutes when it launched on Monday 27th September. As at 18th October, having raised over £5.2m, the crowdfund was Seedrs’ biggest mover of the week by amount, percentage raised and number of new investors

The crowdfunding campaign, which is being run in conjunction with a major Series A fundraise with venture capital firms, will help drive continued expansion at Ziglu

Ziglu’s latest campaign, which due to its popularity amongst investors has been extended to 12 November 2021, is on course to equal the first round it launched on Seedrs in September 2020. That round also had a £1 million target, but raised more than £6 million. It ranked as Seedrs’ largest equity raise in 2020.

Shares were £34 in the 2020 campaign and now stand at £48.30, with just over five per cent of the company’s equity on offer. Shares were changing hands at up to £57.36 on the Seedrs secondary market in June this year, which was the busiest month of trading.

Ziglu, which was created by Mark Hipperson, a founder of Starling Bank, has seen exceptional growth this year as it drives the mainstream adoption of cryptocurrencies, with its customer base quadrupling over the course of 2021. Ziglu has also recently launched a fee-free euro account for tourists and business travellers as the first part of its expansion into foreign exchange.

Mark Hipperson, Founder and CEO of Ziglu said: “Hitting £5 million is another landmark in our latest crowdfund campaign, and underlines the extent to which individual investors value the services we offer and our plans for expansion.

“There is still time for investors to take part in the crowdfund, and benefit from the growth of the business as the leading regulated crypto and neo-banking fintech in the UK and beyond.”

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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