back Back

Ziglu crowdfunding raises a record £7m on Seedrs

By Joy Dumasia

November 10, 2021

  • Crowdfunding Campaign
  • Crypto Wallets
  • Equity Raise

UK-based banking and crypto app Ziglu has raised a record £7.19 million and closed its crowdfunding campaign early on leading crowdfunding platform Seedrs after a surge in investments. The fundraising campaign’s success, which was due to run until 12th November, marks the second year in a row that Ziglu has ranked as Seedrs largest equity raise.

FinTech, which offers banking services, foreign exchange, and safe, simple access to leading cryptocurrencies, originally set out to raise £1 million but was oversubscribed in 81 minutes when it launched on Monday, 27th September. Strong demand from investors saw the campaign extended. Still, Ziglu has closed it early after hitting £7.19 million, making it the largest equity raise on Seedrs in 2021 and beating its record of more than £6 million in 2020, the biggest equity raise of 2020 Seedrs.

Money raised from the crowdfunding campaign, which was run in conjunction with a major Series A fundraise with venture capital firms, will help drive continued expansion at Ziglu. Shares were £34 in the 2020 campaign and now stand at £48.30, with just over five per cent of the company’s equity on offer. Shares were changing hands at up to £57.36 on the Seedrs secondary market in June this year, which was the busiest month of trading.

Mark Hipperson, Founder and CEO of Ziglu, said: “The record £7.19 million raised by our latest crowdfund campaign reflects the confidence from investors in the services we offer and our plans for expansion. We look forward to delivering for investors who took part in the crowdfund as we continue to drive the growth of the business as the leading regulated crypto and neo-banking fintech in the UK and beyond.”

IBS Intelligence recently reported that Ziglu is launching a market-leading fee-free euro account that enables tourists and business travellers to spend without incurring currency exchange charges.

Previous Article

November 10, 2021

Mastercard and ACI Worldwide partner to simplify access to innovative payment solutions

Read More
Next Article

November 10, 2021

Cake partners with BPC and Radar Payments

Read More

IBSi Daily News Analysis


July 19, 2024

Crowdfunding Campaign

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 15, 2024

Wirex & Visa expand partnership to fuel Web3 payment adoption

Read More

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

May 08, 2024

Revolut debuts crypto trading platform for professional traders

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024