Ziglu, founded by Mark Hipperson, is a personal money app that bridges cash and crypto by providing integrated GBP accounts, a Mastercard debit card, and in-app access to cryptocurrencies including Bitcoin, Bitcoin Cash, Ether and Litecoin. The company emphasizes transparent, low pricing and aims to make crypto accessible in a safe, familiar environment. Ziglu is authorised by the Financial Conduct Authority as an Electronic Money Institution and is one of the first three UK firms to achieve FCA registration as a crypto-asset firm. The product experience focuses on exchanging, sending and spending money where, when and how users want. Management says proceeds will be used for technology and product development, user acquisition and international expansion. The company also said this round was completed faster and at a higher valuation than Revolut or Monzo at a similar stage. Ziglu offers an app that consolidates traditional and digital currencies, letting users access Bitcoin, Bitcoin Cash, Ether, Litecoin and XRP alongside fiat. The platform emphasizes financial inclusivity by broadening access to cryptocurrencies. The company recently completed a Seedrs crowdfunding campaign that raised £6 million from retail investors, following a seed round of over £5.25 million announced five months earlier. Ziglu aimed to raise £1 million on Seedrs but exceeded that target within hours, attracting more than 1,250 investors with an average investment of about £4,800. CEO and co-founder Mark Hipperson said the crowdfunding effort was intended to add customers and profile by bringing new people from the investor community to Ziglu. The company is classified as a Knowledge Intensive Company by HMRC, which allows qualifying investors to claim tax relief on investments up to £2 million. Ziglu provides a platform for customers to exchange fiat currency for Bitcoin, Ether, Litecoin and Bitcoin Cash with zero hidden fees or transaction charges and real-time balance monitoring. The company emphasizes a fast, responsive innovation cycle to deliver product improvements. Mark Hipperson, co-founder and former CTO of Starling Bank, is leading the venture. Ziglu faces a crowded competitive landscape in the crypto-exchange space. The business has just completed an oversubscribed seed funding round, receiving a significant cash injection to support its next stage of development. Investor identities were not disclosed beyond being described as specialist UK FinTech investors and entrepreneurs.

Total raised

$16M

Funding rounds

3

Latest round

Seed

Latest activity

Mar 2021