London crypto fintech oversubscribed as it passes £5m in crowdfunding campaign

A London headquartered crypto fintech has passed £5m in investment on the day 18 of its crowdfunding campaign.

Ziglu, a banking, exchange and investment app offers banking services, foreign exchange and safe, simple access to leading cryptocurrencies.

The company originally set out to raise £1m but was oversubscribed in 81 minutes when it launched on crowdfunding platform, Seedrs, becoming the biggest mover of the week by amount, percentage raised and number of new investors.

The 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.

Mark Hipperson, founder and CEO of Ziglu said: “Hitting £5m 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.”

Ziglu, has seen large growth this year as it drives the mainstream adoption of cryptocurrencies, with its customer base quadrupling over the course of 2021. Ziglu has also recently launched a fee-free euro account for tourists and business travellers as the first part of its expansion into foreign exchange.

The app offers customers access to cryptocurrencies including Bitcoin, Cardano, Chainlink, Ether, Litecoin, Polkadot, and Tezos.

Ziglu is regulated by the Financial Conduct Authority, is fully authorised as an Electronic Money Institution, and is also one of the first cryptocurrency platforms to comply with the Anti Money Laundering and Counter Terrorist Financing standards set by Financial Action Task Force (FATF), implemented in over 200 jurisdictions.