Ziglu has opened a crowdfunding campaign, looking to raise £1 million to expand its technology and product development teams, accelerate growth and continue to build a global challenger.

There has been significant interest from investors, as during the pre-registration phase and private launch, the cryptocurrency platform has already raised £300,000.

Since launching in June - following a seed funding round of £5.25 million - Ziglu has released new features and functionality, letting users make peer-to-peer payments across all currencies, both digital and traditional, as well as faster payments to any UK account.

Earlier this month, the startup received its Financial Conduct Authority e-money licence and is now offering P2P payments for crypto and fiat currencies.

Founder and chief executive Mark Hipperson 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.”

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