Update: e-Money Institution Ziglu Set to Close Seedrs Round With More Than £2.9 Million Raised

FCA authorized e-Money Institution Ziglu is set to close its equity crowdfunding campaign on Seedrs with more than £2.9 million raised. The funding round was launched last month and quickly secured its initial £1 million funding target. The campaign also attracted over 1100 Seedrs investors.

As previously reported, Ziglu was founded by Starling Bank CTO Mark Hipperson. The platform 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!”

Funds from the Seedrs round will be used to continue the growth and development of the Ziglu’s platform. Ziglu is now offering 4.98% in equity at a  £45.2 million pre-money valuation. 

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