" class="no-js "lang="en-US"> Crowdfunding hits £6 million with a week to go for Cypto App, Ziglu
Friday, December 02, 2022

UK based banking and crypto app Ziglu crowdfunding hits £6 million with a week to go

UK-based banking and crypto app Ziglu has passed £6 million in investment as its current campaign on Seedrs, leading crowdfunding platform, heads for a new high.

The fintech, which offers banking services, investments, 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.

 

Strong demand from investors has already seen the campaign extended until 12th November 2021 putting it on course to beat its previous crowdfunding campaign on Seedrs last year which ranked as the platform’s largest equity raise in 2020. That also started with a £1 million target but raised more than £6 million.

The latest 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 in the UK and Europe.

Shares were £34 in the 2020 campaign and are now priced 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 achieved exceptional growth this year as it drives the mainstream adoption of cryptocurrencies. Its customer base has quadrupled over the course of 2021 and it 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: “Individual investors are important to our business and the £6 million raised in our latest crowdfund campaign demonstrates their confidence in the services we offer and our plans for expansion.  There is still a little time for investors to take part in the crowdfund, and benefit from the growth of the business.”

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