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:

asics listed on couponmatrix.ukbier-company listed on couponmatrix.ukfenty-beauty listed on couponmatrix.ukfrench-connection listed on couponmatrix.uknational-railcards listed on couponmatrix.ukultimate-outdoors listed on couponmatrix.uk
asics listed on couponmatrix.ukIn sports, certain brands are instantly recognisable like Nike, Adidas and Puma. Another brand with a great history that can be added to that list is ASICS, formerly known as Onitsuka Tiger. ASICS is actually an acronym of the Latin term “anima sana in corpore sano” which translates as "healthy soul in a healthy body", a great mantra to have for any brand that has a large influence in sports and athletics. If you are on the lookout for quality sportswear, sports equipment or great footwear then using an exclusive Groupon discount code for ASICS will help you to find the best deals online.
bier-company listed on couponmatrix.ukWhen your senses lust for fresh flavours other than your favourite lagers, take a trip through the independent craft beer breweries of the UK with Bier Company. As the gateway to dozens of unique and innovative takes on craft beer, there’s a whole world of delicacies just waiting to be bought for less with a Bier Company discount code. With a variety of tasty snacks, monthly deliveries from different breweries and special seasonal cases up for grabs, accept nothing but the best from Bier Company.
fenty-beauty listed on couponmatrix.ukFenty Beauty is probably the coolest beauty brand around. It’s cruelty-free, was created by Rihanna herself and has been commended for its diverse foundation shades and celebration of all kinds of beauty. Whether you want a fresh, no-makeup makeup look or bold eyeshadow game, Fenty Beauty has it covered with plenty of viral and TikTok trending products to explore. Add a Fenty voucher to your purchase or check out the Fenty sales to find your favourites for less – we’re tracking the best Fenty offers here at Groupon!
french-connection listed on couponmatrix.ukKick-start your closet with design-led, contemporary fashion from French Connection and dress yourself to the nines, no matter the occasion. Grab a French Connection discount code from us to stock up on timeless, elegant pieces that will add the luxe touch to your look for less. From floaty boho dresses to pin-sharp suits, French Connection offers the discerning man and woman sumptuous clothing that never goes out of style.
national-railcards listed on couponmatrix.ukEvery day, millions of people rely on trains for commuting, family visits or travel, and a Railcard can provide substantial savings on these journeys. Tailored for diverse groups, including students, young adults, families and travel partners, with a Railcard you’ll pay an annual fee and then save a minimum of 33% off all train trips. Whether you're renewing or considering getting one, check Groupon for a Railcard discount to obtain yours at a reduced cost and enjoy immediate savings. To put things into perspective, using your Railcard for a discount on an off-peak return trip from Bristol to London can already cover the cost of the Railcard itself!
ultimate-outdoors listed on couponmatrix.ukCalling all backpackers and adventurers - Ultimate Outdoors is here to kit you out and prep you fully for your next exploit, whether that be on land, sea or rockface! It’s vital you’re in the correct gear to make sure you’re as comfortable as possible and ready for anything, and with an Ultimate Outdoors discount code you can pick up the things you need at little cost to your bank balance.