UK-based cryptocurrency platform Ziglu has secured a £5 million investment at a £45 million valuation, a significant drop from its $170 million peak valuation in 2022. Ziglu, which is FCA-approved, enables users to buy and sell eleven cryptocurrencies, earn yield via ‘Boost’ products, pay with a debit card, and manage their money seamlessly.
Founded by Mark Hipperson, a co-founder of Starling Bank, Ziglu was previously in talks to be acquired by Robinhood for $170 million. However, market downturns led Robinhood to lower its offer to $60 million, resulting in the deal’s collapse. Since then, crypto markets have rebounded, driving renewed investor interest in the sector.
Ziglu has been actively expanding internationally, recently announcing plans to acquire Gibraltar-based Damex’s retail arm. This move aims to broaden its banking, crypto, and investment platform to a global audience.
As part of its next phase of growth, Ziglu is launching Ziglu Coin, a rewards-based cryptocurrency backed by a $10 million term sheet. Expected in Q2 2025, Ziglu Coin will be tradeable on Ziglu and other major exchanges, with users earning it through the Ziglu ecosystem. The coin will offer exclusive rewards and benefits via an enhanced subscription programme, with a detailed prospectus set for release soon.
“Our Ziglu Coin is an important step in bringing more utility, accessibility, community, and rewards to our users,” said Hipperson. “We’re building an ecosystem where digital assets work alongside traditional finance, giving people real-world value and control over their money.”
The £5 million funding will accelerate product development, European expansion, and the launch of new investment offerings, including equities, commodities, and cash savings.