Ziglu Raises £1 Million in Under 3 Hours
- 21.09.2020 10:10 am
Ziglu, the challenger and fully FCA authorised Electronic Money Institution, have hit their funding target within 3 hours after the openning of their public crowdfunding round today. The company has raised over £1 million from 144 investors, 112% of their target raise.
Ziglu have decided to accept over-funding due to the unprecedented demand and so that more people have a chance to be part of their community. During the pre-registration phase and private launch, Ziglu has already raised £300,000.
Ziglu will use this money to expand the technology and product development teams, accelerate growth and continue to build a global challenger.
Since launching, with instant and effortless cryptocurrency exchange in June 2020, Ziglu has released a stream of new features and functionality. Customers can now make peer-to-peer payments across all currencies, both digital and traditional, and make faster payments to any UK account.
With Ziglu 100% of customers’ total digital assets are insured against cyber-attacks, up to the value of £50,000, and fiat currencies are safeguarded in a segregated account. Ziglu was one of the first companies to be regulated by the 5th Money Laundering Directive for crypto assets.
Mark Hipperson, Ziglu Founder and Chief Executive Officer said: “It is important to us that our customers have a chance to be part of Ziglu, not just as account holders but as owners. We have had significant interest from professional investors but we want to give everyone the opportunity to come on our journey with us!”
Ziglu’s Chief Growth Officer, Yang Li, added: “Crowdfunding is a chance for us to thank the Ziglu community, experiencing our growth through ownership. With £10 as the minimum investment we want to make sure that this opportunity is open and accessible to everyone - the same approach we take to crypto.”
Ziglu is constantly enhancing the platform in response to customer needs with a lot more features, functionality and currencies scheduled for delivery during 2020 and beyond.
Download the Ziglu app from Google Play and the Apple App Store. Links below:
Apple App Store: https://bit.ly/ZigApple
Google Play Store: https://bit.ly/ZigAndroid