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:

bargainfox listed on couponmatrix.ukforever-21 listed on couponmatrix.ukmachine-mart listed on couponmatrix.ukmamas-and-papas listed on couponmatrix.ukprinterpix listed on couponmatrix.ukskin-me listed on couponmatrix.uk
bargainfox listed on couponmatrix.ukFrom brand new Braun razors to pre-used kids game, every product at BargainFox finds a second home for a fraction of its original price. Excelling in providing quality homeware, electronics, beauty products and more at below-retail rates, customers can capitalise with a BargainFox discount code and secure extra savings on BargainFox’s already great deals. With the likes of vacuum cleaners, sound systems and camping equipment seeing their prices slashed every day, who knows what fresh gaps in your home can be filled for less at BargainFox.
forever-21 listed on couponmatrix.ukWith designs that set trends without breaking the bank, think only of Forever 21. Home to chic styles tailored to both men and women, including plenty for plus sizes too, anyone is free to bulk out their wardrobe with the hottest fashion for less with a Forever 21 discount code. With a forward-thinking mindset that includes the banning of fur, angora and mohair whilst supporting organically-grown fibres in all its threads, there’s no reason not to look and feel your finest whenever you dress with Forever 21.
machine-mart listed on couponmatrix.ukWhen the toolbox beckons but you’re a few screws short of your next renovation, look to Machine Mart – the quintessential tools and equipment supplier for any DIY enthusiast. From power drills to pressure washers, there’s no domestic or commercial tool out there that a Machine Mart voucher can’t make yours for a fraction of the price. So whether you’re a painter, builder or woodcarver, gear up to the nines at Machine Mart.
mamas-and-papas listed on couponmatrix.ukWelcoming a fresh face to the family is always a little less daunting with Mamas & Papas, a brand with three decades of experience in creating everything new parents could want or need. From quality clothing to specialised strollers and baby baths, use a Mamas and Papas discount code to pick up every baby essential for less. Whether you’re going to be a new parent or adding another member to your family, every baby starts off in safe hands with Mamas & Papas.
printerpix listed on couponmatrix.ukA picture tells a thousand words, so bring your story to life today with PrinterPix, one of the UK’s leading suppliers of high quality photography prints. Whether you’re remembering holidays gone by, a graduation, a wedding or a birthday, grab a Printerpix voucher and get your hands on some gorgeous printed goods for less. There’s a wide range of awesome products on offer, so have a look today and see what takes your fancy.
skin-me listed on couponmatrix.ukDiscover personalised skincare with Skin + Me. If you’re sick of spending loads on serums and treatments that don’t yield results, Skin + Me is for you—you’ll get tailored products, prescribed just for you, delivered to your door every month. Make the most of a Skin and Me discount to address acne, ageing skin and everything in between! Get started with a consultation today to join the latest skincare revolution.