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Making digital finance simple and available to all, with traditional and digital currency managed seamlessly in one app.

 Ziglu is led by Mark Hipperson, a founder and former CTO of Starling Bank. Its customers are given easy and insured access to cryptocurrencies, a Mastercard debit card, and safeguarded GBP accounts.

Their digital finance solution includes a curated portfolio of cryptocurrencies and 5% interest investment accounts for Sterling and Bitcoin. Soon, they plan to offer customers the option to build portfolios with stocks, funds and commodities, alongside euro accounts.

Ziglu has seen rapid growth, with a total of 80,000+ customer sign-ups, at an average 20% MoM growth rate in 2021.

From a regulatory perspective, Ziglu is regulated in the UK by the FCA as an e-money firm and has 5MLD registration, and is also fully authorised by the Danish FSA as an e-money institution, giving them access to launch across all of Europe. They are in the process of becoming an Appointed Representative to offer investment products such as equities, funds, and commodities.

Substantial accomplishments

Ziglu’s achievements to date include:

  • Authorised by the UK FCA as an Electronic Money Institution and one of the first cryptocurrency companies to be registered under the UK’s Money Laundering Regulations (5MLD)
  • Authorised by the Danish FSA as an Electronic Money Institution
  • Rapid growth with a total of 80k+ signed up customers, and an average of 20% MoM growth in 2021
  • Users are able to instantly send GBP or any cryptocurrency to contacts
  • No spending or FX fees when using the Ziglu Mastercard debit card

Monetisation strategy

Ziglu has multiple revenue streams, including crypto transaction fees, card rebates and interest margin made from its 5% investment accounts. It also plans to add additional revenue streams in the future, including an investment charge on assets under management, stocks, funds, ETFs and commodities, and a premium monthly subscription charge.

Use of proceeds

The funds raised by Ziglu in their series A, including their Seedrs campaign, will be used mainly for three purposes: product development, international expansion and user acquisition.

Ziglu is currently fundraising through Seedrs. At the time of writing Ziglu has raised £2,931,569 from 1,010 investors, with the fundraising round set to close on 27th October.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Investments should only be made by investors who understand these risks. Seedrs does not make investment recommendations to you and any investment decision should be made on the basis of the full campaign.

This article has been approved as a financial promotion by Seedrs Limited. Seedrs Limited is authorised and regulated by the Financial Conduct Authority. Seedrs Limited is a limited company, registered in England and Wales (No. 06848016), with registered office at Churchill House, 142-146 Old Street, London EC1V 9BW.

Related

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Michael Morton

Michael Morton

Michael has worked within the Financial Industry for more than 20 years. Starting out as a financial analyst, he has extensive experience working with fund management groups and brokerages.

With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life. His broker of choice is Hargreaves Lansdown.

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