Seedrs is an equity crowdfunding platform that allows investors to back private companies.
The company secured over 200 percent of its target on Seedrs with backing from more than 670 investors.
"the new world of finance requires levelling the playing field between regular traders and hedge funds. Until that point is reached, we’re here to hustle."
The company secured the investment through a Seedrs campaign backed by the British Government's Future Fund.
The company secured the capital from over 1250 investors via the Seedrs platform.
"We wanted to give our customers the opportunity 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."
The crowdfunding campaign drew participation from over 1,700 investors including Pierre Lagrange.
"We’re all about making it as easy as possible to put a big chunk of cash back in people’s pockets and want to make Snoop the most valuable app on everyone’s phone. We’ve made great strides since we launched in April and we’re thrilled with the support from customers in the crowdfund. We will now accelerate development of the platform, broaden our smart money-saving services and continue to scale the business."
The seed round was backed by investors including 365.fintech, Seedrs, and FunderBeam to support product development and team expansion.
"The investment brands we know today fall under two extremes: self-directed DIY investing, where it may be fun and sticky but, as many have pointed out, the risk of losing your money is extremely high; on the other hand, done-for-you portfolios which are managed for you or simply indexed but do not provide any flexibility, meaning you don’t get a sense of involvement, or the ability to avoid general market losses during unprecedented events like COVID-19. Investment is better when people work together to avoid bias, which is why we are building a new model for investors combining AI and Crowd Wisdom to create Wisdom in Crowds™. Our mission is to protect people from losing their money while empowering them with the tools to enjoy making more thoughtful investment decisions"
