Ziglu, the personal money app, has successfully closed its crowdfunding campaign, raising over €6.6 million from over 1250 investors.
Ziglu aimed to raise around €1.1 million but hit this target within 3 hours of the campaign opening, and with this very high investor demand, Ziglu went on to raise 500% more than their initial target. The campaign, the largest Seedrs equity raise of 2020, was more than five times oversubscribed.
The investment will fund the technology and product development teams, international expansion, and meet the growing demand for Ziglu’s personal money app.
As an innovator in the fintech space, Ziglu has been classified as a Knowledge Intensive Company (KIC) by HMRC, enabling KIC investors to claim tax relief on investments up to the value of around 2.2 million. This means that the research and development Ziglu is completing due to the funding will be the key driver of growth and income for years to come.
Ziglu offers an account for the digital age, with traditional and digital currencies managed seamlessly in one app. The cryptocurrency platform gives everyone easy access to digital currencies, including Bitcoin, Bitcoin Cash, Ether, Litecoin, and XRP. Increasing financial inclusion by providing greater accessibility and control across all currencies instantly and secure digital money management.