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Ziglu bids to raise funds at a bargain-basement valuation
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finextra.comFCA-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 £2 million raise that would give it sufficient funding to continue operating until a sale could be agreed.
Read more on finextra.comAbout this in other media
Chief of top Canadian grocery chain gets $1.2m raise amid criticism over prices theguardian.com /1 year ago
Hong Kong-Based Fund Set to Raise $100 Million for Web3 Startups Amid City's Crypto Revamp cryptonews.com /1 year ago
Hong Kong fund plans to raise $100 million for crypto investment cointelegraph.com /1 year ago
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