Ziglu crowdfunding gets oversubscribed in under 90 minutes

By Joy Dumasia

UK-based money app Ziglu has seen its £1 million crowdfund oversubscribed in just 81 minutes, beating its previous record of three hours on Seedrs, the leading equity crowdfunding platform.

Ziglu’s previous crowdfund on the Seedrs platform in September 2020 also had a target of £1 million but raised more than £6 million and was oversubscribed within three hours. With more than 1,200 individual investors, it ranked as Seedrs’ largest equity raise in 2020.

The second round launched on Monday 27th September in conjunction with a significant Series A fundraise with venture capital firms will help drive the continued rapid expansion of the FinTech, which offers account and card services and simple access to leading cryptocurrencies.

Ziglu offers customers access to Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Ether, Litecoin, Polkadot, Solano and Tezos. Ziglu is regulated by the Financial Conduct Authority, is fully authorised as an Electronic Money Institution, and is also one of the world’s first cryptocurrency platforms to comply with the Anti Money Laundering and Counter-Terrorist Financing standards set by the Financial Action Task Force (FATF), implemented in over 200 jurisdictions. As with any investment, capital is at risk.

Mark Hipperson, Founder and CEO of Ziglu, said: “The speed at which our latest crowdfund has been oversubscribed underlines the progress Ziglu has made in the last year and the fact that, as a leading regulated crypto and neo-banking fintech, we are leveraging our advantage in the increasingly mainstream crypto environment. We would also like individual investors to benefit from our success, as well as institutional investors, which is why crowdfunding is important to us.”

IBS Intelligence recently reported that Ziglu is launching the second round of crowdfunding, aiming to raise £1 million through leading equity crowdfunding platform Seedrs, in conjunction with their Series A fundraise with venture capital firms.