Ziglu secures £5.3m in seed funding from angel investors and fintech entrepreneurs
The capital will be used to execute the company product roadmap and expand its technology team.
Ziglu is a personal money app that integrates traditional British pounds and Mastercard spending with access to cryptocurrencies. The London based firm is authorised by the Financial Conduct Authority as an electronic money institution and cryptoasset business.
London-based cryptocurrency challenger Ziglu has completed a seed funding round, securing £5.3m from a group of specialist UK fintech investors and entrepreneurs. The capital will be deployed to support the company product roadmap, engage with its user base, and expand its internal technology team.
Founded by former Starling Bank co-founder and CTO Mark Hipperson, the business aims to offer accessible and fair currency exchange services. Despite broader economic pressures during lockdown, the firm raised a total that outpaces average early-stage benchmarks for the period.
From the founder
"As we gear up for our next stage of development, we are delighted to have oversold our seed funding and welcome our new investors. This significant cash injection allows us to deliver an exciting product with an innovation cycle, fast and responsive to customer needs."
Mark Hipperson
Founder at Ziglu
Use of funds
- 01Continue product development
- 02Grow the team