Ziglu, the cryptocurrency app launched by Starling Bank co-founder and former CTO Mark Hipperson, has successfully closed its Seedrs crowdfunding campaign today, having raised over £6 million from over 1,250 investors.

Ziglu said it aimed to raise £1 million when the crowdfunding was launched on 21 September, but it hit this target within three hours of the campaign opening. The average investment amount was £4,800.

The campaign, which is the largest Seedrs equity raise of 2020, means the company has now raised £11 million during 2020 - including the initial seed funding round.

The investment will fund the growing technology and product development teams and international expansion.

Ziglu chief growth officer Yang Li said: “We wanted to give our customers the opportunity to be a true part of Ziglu through ownership. 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."


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

Ziglu offers an account with traditional and digital currencies “managed seamlessly” in one app. The cryptocurrency platform offers “easy access” to digital currencies including Bitcoin, Bitcoin Cash, Ether, Litecoin and XRP.

John Lake, chief commercial officer at Seedrs, said: “Ziglu is an exciting FinTech platform that is changing the way we handle digital and traditional currency - something we’ve not really seen before.”

Last month, Ziglu poached Monzo's James Sullivan as its chief legal officer.

Also last month, Ziglu launched its Mastercard debit card, which enabled customers to support their community through FareShare - the charity fighting hunger - with a donation every time they use their card at a supermarket.

Share Story: