London-based personal money app Ziglu smashes through £6M in crowdfunding
Digitalisation has revolutionised the payment system and money. In the future, the landscape will be far more competitive, innovative, and efficient in delivering consumers.
In this regard, Ziglu, a London-based company is on the mission to break down unnecessary financial barriers, giving customers instant access to fiat, foreign and digital currencies with low fees and guaranteed insurance protection.
Closed £6M from over 1250 investors
Recently, the UK digital platform company successfully closed its crowdfunding campaign, having raised over £6 million from over 1250 investors.
The company focussed on raising £1 million, however, due to demand, has raised 500% more, exceeding the initial target. As per the company’s claims, the average investment amount was £4,800.
In a blog post, Ziglu, said “After a 2-week document review period Seedrs nominee investors will have access to a dedicated investor relations/discussion area on the platform where they can receive updates from Ziglu and they can communicate directly with other investors. Then they can expect to receive the representation of their share and, depending on the level of investment, Ziglu’s raft of membership perks and rewards will be rolled out.”
How will the funding be used?
The investment will be used to fund technology and product development teams, international expansion and meet the growing demand for Ziglu’s personal money app. As an innovator in the fintech space, Ziglu has been classified as a Knowledge Intensive Company (KIC) by HMRC, enabling KIC investors to claim tax relief on investments up to the value of £2 million.
“This round of crowdfunding investment will accelerate our growth through feature and development. Using innovative marketing channels, dynamic campaigns, organic content and an intuitive referral process, we hope our exciting roadmap will take us to 2m customers by 2024 across the UK, Europe, US and Asia,” says the company in blog post.
Provides Digital platform
Founded by Mark Hipperson, and Niall McConnell, Ziglu provides a digital platform that enables customers to exchange fiat currency for cryptocurrencies like Bitcoin, Ether, Litecoin, and Bitcoin Cash, with zero hidden fees or transaction charges, and to monitor their balances in real-time.
Power pink Mastercard debit card
Recently, Ziglu celebrated the launch of its limited-edition power pink Mastercard debit card. It enables Ziglu customers to support their community through FareShare, the UK’s largest charity fighting hunger, with a donation every time they use their card at a supermarket.
Ziglu’s Chief Growth Officer, Yang Li, added: “ We wanted to allow our customers to be a true part of Ziglu through ownership. We have been overwhelmed by support for the crowdfunding round, resulting in Ziglu becoming the largest equity campaign on Seedrs this year. Our vision for financial inclusion and community support translates through all our initiatives whether it’s crowdfunding, charitable giving or personal finance – providing fair and equal access to everyone – the same approach we take to crypto.”
Ziglu has built a bank-grade platform in the cloud from scratch with the flexibility and stability to support an innovation cycle of some of the most fast-paced, customer driven companies in the world.
John Lake, Chief Commercial Officer at Seedrs, said “Ziglu is an exciting fintech platform that is changing the way we handle digital and traditional currency – something we’ve not seen before. The passion, ambition and legacy of Mark and the Ziglu team is fuelling the company’s growth as a global challenger in the fintech space. We are thrilled to see how engaged Seedrs investors have been with Ziglu’s campaign.”