Based out of London, Ziglu provides a digital platform that enables customers to exchange fiat currency for cryptocurrency.
Recently, the company has raised £900K through Angel Investment Network, the world’s largest online angel investment network, as part of a £6.1 million seed round.
The funding will be used to fund technology and product development, user acquisition, and international expansion. According to the company, this round helped Ziglu raise more and at a higher valuation than Revolut or Monzo at a similar stage.
Offers transparency and low pricing
Founded by Mark Hipperson, Ziglu offers transparent, low pricing and intuitive access to a range of cryptocurrencies including, Bitcoin, Bitcoin Cash, Ether, and Litecoin.
The company’s mission is one of fairness and financial inclusion, empowering everyone to participate in the world of both cash and cryptocurrencies.
Yang Li, Chief Growth Officer said: “A significant proportion of the UK population would like to be involved in cryptocurrencies, but face barriers in terms of being able to transact confidently and knowledgeably in a safe, familiar environment. We address these barriers to participation and empower everybody to take part in the new era of digital currencies. Working with AIN has given us unparalleled access to world-class strategic investors and a streamlined fundraising process. This will allow us to accelerate growth and continue focusing on building the best product we can for our customers.”
According to Sam Louis, Angel Investment Network: “The profile of crypto has been huge over the past year and continues to grow. Our investor database really saw the potential for Ziglu to revolutionise access to this market. As a result, we were able to provide a tailored list of the right investors for them at this stage, as they look to develop their technology and user base in the UK and internationally. It caps the strongest quarter to date for the team. We’ve partnered a record number of businesses with leading investors who can power their growth and we’re very glad to have Ziglu as one of them.”
Headquartered in London, Ziglu is fully authorised by the Financial Conduct Authority (FCA) to operate as an Electronic Money Institution. It is also one of the first three companies in the UK to have achieved FCA registration as a crypto-asset firm.