The crypto banking platform has seen strong growth during the pandemic and more recent crypto boom.
Image source: Mark Hipperson/Ziglu
UK crypto app Ziglu has raised £7.19m from a crowdfunding campaign via Seedrs as part of an ongoing Series A round.
Ziglu offers customers access to a curated range of cryptocurrencies: Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Ether, Litecoin, Polkadot, Solano and Tezos.
The crowd round is the largest equity raise on Seedrs in 2021 and represents a slight uptick on its £6m Seedrs round in 2020, similarly the largest Seedrs campaign last year. Shares were £34 in the 2020 campaign and now stand at £48.30.
The company, founded by Mark Hipperson in 2017 after leaving Starling Bank where he was its chief technology officer, says it saw a 400 per cent rise in customer numbers over the course of 2021.
“The record £7.19m raised by our latest crowdfund campaign reflects the confidence from investors in the services we offer and our plans for expansion,” Hipperson said.
Ziglu, which is headquartered in London, is authorised by the UK financial regulator the FCA as an e-money institution and registered as a crypto services provider, and is also authorised across all of Europe by the Danish FSA for e-money and crypto services.
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