Today news
About the same in other media
Ziglu bids to raise funds at a bargain-basement valuation
Reading now: 204
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
Here's why travel to Europe is no longer a 'screaming, bargain-basement' deal cnbc.com /1 year ago
LayerZero Raises $120M in Funding to Expand Cross-Chain Messaging Efforts – Is the Bull Market Back? cryptonews.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
