Personal money app rakes in more than £6m in year's largest equity raise

A personal money app creator has announced that it has raised more than £6m in a funding round that saw more than a thousand investors.

Ziglu, based in London, has closed its crowdfunding campaign after 1250 investors contributed, raising 500 per cent more than the company’s original target.

The company was aiming to raise £1m, but hit the target within three hours - and the campaign became the largest Seedrs equity raise of this year.

The investment will be used to fund the firm’s technology and product development teams, international expansion and keep up with increasing demand.

Ziglu’s chief growth officer, Yang Li, commented: “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.”

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.

“The passion, ambition and legacy of Mark and the Ziglu team is fuelling the company’s growth as a global challenger in the fintech space.

“We are thrilled to see how engaged Seedrs investors have been with Ziglu’s campaign.”

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