Ziglu passes £5m financing landmark in crowdfunding campaign

Personal money app Ziglu has cleared the £5m investment milestone on its eighteenth day of crowdfunding on the Seedrs platform.

Founded in 2018, Ziglu offers banking services, foreign exchange and cryptocurrency access. The firm claims it has seen ‘exceptional’ growth this year as it seeks to drive the mainstream adoption of cryptocurrencies.

The company provides customers with access to Bitcoin, Bitcoin Cash, Chainlink, Dogecoin, Ether, Litecoin, Tezos, Cardano, Solano and Polkadot. Ziglu is reglated by the Financial Conduct Authority and is fully authorised as an Electronic Money Institution.

The FinTech originally set out to raise £1m, but become oversubscribed in 81 minutes when it launched on September 27. As of October 18, the company has raised a total of £5.2m. The crowdfunding campaign will help drive the continued expansion at Ziglu.

Ziglu previously scored £6m in oversubscribed crowdfunding round on Seedrs last year, which pulled in more than five-times its original target. Shares were £34 during the 2020 campaign and now stand at £48.30.

Ziglu CEO and founder Mark Hipperson 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.”

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