Ziglu bids to raise funds at a bargain-basement valuation

Ziglu, a UK-based cryptocurrency business that once commanded a £170 million price tag, is looking to raise GBP2 million to stay afloat at a massively discounted GBP10 million valuation. FCA-approved Ziglu lets Brits buy and sell eleven cryptocurrencies, earn yield via its ‘Boost’ products, pay using a debit card, and move and spend money. Last year, the company was on the verge of securing a £170 million sale to Robinhood.

But with market valuations plunging across the sector, Robinhood returned with a watered-down £60 million offer, leading to the abandonment of the deal and the ultimate resignation of founder Mark Hipperson.

According to Sky News, the company is now sounding out investors for a GBP2 million raise that would give it sufficient funding to continue operating until a sale could be agreed.

It recently told investors it planned to suspend some services in order to reduce costs, including a decision not to take on new customers for several months.

Tags:

currys-pc-world-mobile listed on couponmatrix.ukhotel-du-vin listed on couponmatrix.ukkitlocker listed on couponmatrix.ukroute-one listed on couponmatrix.uksaga-travel-insurance listed on couponmatrix.uksilentnight listed on couponmatrix.uk
currys-pc-world-mobile listed on couponmatrix.ukHead to Currys for the latest and greatest smartphone technology. If you’re after new tech on a budget, you’ve come to the right place—Currys offers loads of bundle deals, discount codes and seasonal sales to bring down the cost of phones from Samsung, Apple, Nokia and more! It’s super easy to get started: just choose your phone, select a plan that suits you and add any add-ons you’d like.
hotel-du-vin listed on couponmatrix.ukIf you’ve always dreamed of a night in a fancy hotel, then it doesn't get more romantic or appealing than staying at a Hotel du Vin establishment. Scattered throughout the UK, Hotel du Vin offer a unique boutique hotel experience that you won’t forget in a hurry. And, with your Hotel du Vin discount code, you’ll be able to snap up a special night out of town or a weekend away for less than you might think.
kitlocker listed on couponmatrix.ukIf you’re after training gear, exercise equipment or a new workout outfit, you’ve come to the right place - Kitlocker is your go-to for the biggest brands at the best prices. Shop the awesome range of Nike, adidas and more with a Kitlocker discount code from us - there’s no need to pay full price with these great savings! If you’re working out at home, you’ll want the right gear to get motivated. Get kitted out for less at Kitlocker!
route-one listed on couponmatrix.ukGreat savings can be made on a huge range of products from Route One using a discount code from Groupon. Well known by skateboarders and likeminded action sports fans, Route One has been pedalling the latest-and-greatest skate and snow equipment, accessories and clothing for the better part of three decades.
saga-travel-insurance listed on couponmatrix.ukThere’s nothing better than heading off on holiday, but whilst travelling is exciting, there’s also an element of risk being so far away from home. With Saga, you can easily cover yourself for any mishaps whilst away so you can properly relax. Pick up your Saga Travel Insurance discount code to save on your insurance package and keep more money to enjoy whilst travelling. Whether you lose your passport or get into an accident, the Travel Insurance team at Saga are here for you.
silentnight listed on couponmatrix.ukSleep should be a time of relaxation and comfort. With Silentnight, that comfort is made easier than ever. Providing mattresses, beds, bedding and other products related to comfort, Silentnight has the formula for perfect sleep, and with your Silentnight discount code, now you can enjoy sleeping soundly for less. Whether you're looking for the perfect firm mattress or pillow, the most luxurious duvet or bedding, or candles and fragrances to send you softly to sleep, the Silentnight range will have something for you.