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Ziglu bids to raise funds at a bargain-basement valuation
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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 £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
Today in Crypto: Sentiment Recovers 90% of Funds from Hacker, Major Chinese State-owned Company Launching Two Crypto Funds, Australian Regulator Cancels Binance's Derivatives License cryptonews.com /1 year ago
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LayerZero Raises $120M in Funding to Expand Cross-Chain Messaging Efforts – Is the Bull Market Back? cryptonews.com /1 year ago
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