Less than two weeks after launching its equity crowdfunding campaign on Seedrs, FCA authorized e-Money Institution Ziglu has successfully secured nearly £2.4 million from more than 800 Seedrs investors.
Founded in 2018 by former Starling Bank CTO Mark Hipperson, Ziglu states it has built a global account for the digital age, which is traditional and digital currency managed within one app, competitive and transparent prices across all currencies, and the ability to spend like a local instantly.
“We’re not a Bank, we’re better. Bringing the challenger bank experience to digital currency and bringing digital currency to traditional banking services. A unique modern-day account. At Ziglu you get competitive and instant access to both FX and digital currencies. You can spend any currency via our Mastercard debit card and your digital currency is automatically protected up to £50,000 against cyber-attacks.”
Ziglu noted it previously raised £5.25 million in seed funding and the crowdfunding raise is part of a larger fundraising round. Speaking about the company’s crowdfunding success, Hipperson recently explained it is important that 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 that “crowdfunding is a chance for us to thank the Ziglu community.”
Ziglu is now offering 4.98% in equity at a £45.2 million pre-money valuation. The campaign will close at the end of October.
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