Personal money app Ziglu has scored £6m in an oversubscribed crowdfunding round, which pulled in more than five-times its original target.
The campaign, which is allegedly the largest equity raise on Seedrs in 2020, received contributions from more than 1,250 investors. The average investment amount was £4,800.
Ziglu managed to reach its initial £1m target in just three hours of the campaign launch.
With this investment capital, the company hopes to fund its technology and product development teams, international expansion and meet the demand for its services.
The FinTech offers a mobile app that lets users easily access their digital currencies including bitcoin, biitcoin cash, litecoin and XRP. The company aims to improve financial inclusion by offering greater accessibility and control to all currencies.
Ziglu chief growth officer Yang Li said, “ We wanted to give our customers the opportunity to be a true part of Ziglu through ownership. We have been overwhelmed by support for the crowdfunding round, resulting in Ziglu becoming the largest equity campaign on Seedrs this year.
“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.”
With the close of the round, the FinTech has raised a total of £11m in equity during 2020. The FinTech previously secured £5.25m in seed capital in June.
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