Ziglu, the FCA-authorised electronic money institution (EMI), has appointed James Sullivan as its chief legal officer.

He joins Ziglu, a crypto trading challenger, from Monzo where he was head of legal and acting company secretary.

At Ziglu Sullivan's responsibilities will include growing the team and supporting and protecting the business as it continues its product growth and international expansion.

Commenting on the move, Sullivan said: "It was always going to take an exceptionally exciting opportunity to move on from Monzo. In the last few months, Ziglu has launched its exchange and payments app, been licensed by the FCA and is knocking it out of the park with its first crowdfunding on Seedrs."

“It’s been an impressive journey in just a few months. I’m joining the Ziglu team as the business enters its high growth phase and starts to target international expansion," he added.

Mark Hipperson, chief executive at Ziglu and former co-founder and chief technical officer of challenger bank Starling said: “I welcome James Sullivan to the Ziglu leadership team. He brings a wealth of experience in transformational FinTech and will be integral to our international growth. James will be a great addition.”

Ziglu is one of the first digital currency companies to be registered under the UK’s 5th Money Laundering Directive.

Sullivan joins the company in the midst of a crowdfunding round, which is 300 per cent funded, at just over £3 million from over 1,100 investors.

This follows the £5.25 million it raised in seed funding in June 2020. These funds will enable Ziglu to expand both its technology and product teams and become a “global challenger”, said the firm.

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