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:

elf-cosmetics listed on couponmatrix.ukhotels-com listed on couponmatrix.ukles-mills listed on couponmatrix.ukmyappliances listed on couponmatrix.uksarah-raven listed on couponmatrix.uksee-tickets-1 listed on couponmatrix.uk
elf-cosmetics listed on couponmatrix.ukElf Cosmetics was created with the philosophy in mind that all beauty comes from within, and by using the perfect cosmetics, you can help to capture the true essence of who you are - on the inside and the outside. So why not indulge in quality ingredients for less with an elf discount code, and take your beauty regime to the next level. Designed to give you more confidence in yourself and in your look, you can let your beauty shine with Elf.
hotels-com listed on couponmatrix.ukPart of the Expedia family, Hotels.com is one of the world’s leading short-stay accommodation websites. Offering hundreds of thousands of affordable rooms in hotels, resorts, boutiques and bed and breakfasts all over the world, Hotels.com is committed to finding you your perfect stay. Book a bargain with a Hotels.com discount code and sleep soundly, knowing you’ve secured the best price possible. Hotels.com provides a one-stop booking service, filtering availability, prices and amenities that are important to you.
les-mills listed on couponmatrix.ukLooking for a great workout? Look no further - Les Mills makes it easy to work up a sweat when you’re at home! Discover amazing virtual and on-demand classes that are bound to raise your heart rate - these targeted fitness classes and high-intensity interval training workouts are specially designed with your exercise goals in mind. Make the most of a Les Mills promo code to save on your plan and get access to more than 800 awesome workouts! With highly trained expert presenters leading each session, you’re bound to find the motivation to smash those fitness goals.
myappliances listed on couponmatrix.ukIf you’re looking to kit out your kitchen, look no further - MyAppliances is your go-to for all of your essentials. Is your dishwasher in need of an upgrade, or are you short in oven racks? A MyAppliances discount code from us will sort you out! MyAppliances has an unbeatable five year parts and two year labour guarantee on all items, so you know your new goods are designed to last a lifetime.
sarah-raven listed on couponmatrix.ukIntroducing Sarah Raven, three-time winner of the ‘Best Gardening Brand’ award and the ultimate destination for reinventing your outdoor space. When you need to find the perfect poppies or freshest foxgloves, budding gardeners should make a beeline for the seeds, bulbs and plants at Sarah Raven. Helping you transform your garden for less, we’ve got you covered with all the Sarah Raven discount codes, offers and sale picks you’ll need—so you can shop even more of the Sarah Raven plants you love.
see-tickets-1 listed on couponmatrix.ukIf you’re looking to pick up tickets for a big music concert, a play at the theatre or production then See Tickets is exactly the place to do it. With a See Tickets discount code you’ll be saving money on tickets to all of the must-see events! Treat yourself to an evening out, or plan the ultimate date night - with See Tickets, a wonderful world of entertainment is just a few clicks away!