UK crypto app Ziglu is closing in on raising £3m in their latest Seedrs crowdfund campaign after smashing their initial target of £1m in just 81 minutes.

Ziglu was launched in 2018 by Starling Bank founder and CTO Mark Hipperson and its technology gives customers easy and insured access to cryptocurrencies.

Ziglu has proved popular with investors as it’s one of the few FinTechs that builds its own cloud banking platform.

Their technology provides customers with a current account that enables them to instantly and competitively buy, sell, hold, send and spend both digital and traditional currency.

Ziglu also plan to launch euro accounts with market-leading FX rates.

The tech firm’s previous crowdfund campaign on the Seedrs platform in September 2020 had a target of £1m but raised more than £6m from 1,245 investors and was oversubscribed within three hours.

Their latest target was to raise £1m but the current total stands at £2,871,580 from 984 investors with 21 days left.

On Twitter Ziglu posted: “We’re blown away by the support and incredibly excited about the future.”

Ziglu has raised a total of £12m to date and was the largest Seedrs equity campaign in 2020.

It’s been a good week for the award-winning company as they’ve just been chosen to be part of Tech Nation’s FinTech 4.0, which is an exclusive network of high growth UK FinTech companies.