What Ziglu does

Ziglu Limited is a UK-based fintech founded in 2018 that operates a mobile-first platform combining cryptocurrency trading, electronic money banking, peer-to-peer payments, and crypto yield generation. The company's primary product is the Ziglu mobile application, through which individual consumers in the UK, Gibraltar, and the European Economic Area can hold fiat currencies (GBP, EUR, USD) and cryptocurrencies, execute exchange transactions at a 1.25% fee, send peer-to-peer payments, spend crypto directly via a Mastercard debit card (Crypto-on-Card), and earn weekly yield on transferred cryptoassets through its Boost product. Technology architecture relies on third-party cryptocurrency exchanges for trade execution, insured cold-storage custodians for asset safeguarding, Mastercard rails for card issuance, and integrations with Faster Payments, Apple Pay, Google Pay, and Open Banking. The company held FCA authorization as an electronic money institution (FRN 900977) in the UK and Virtual Asset Service Provider registration in Lithuania via its subsidiary Ziglu EEA UAB.

Revenue is generated primarily through transaction fees (1.25% on cryptocurrency exchanges and Crypto-on-Card conversions, 2% on ATM withdrawals above a £250 monthly free limit, £5-£30 physical card replacement fees) and through a yield spread on customer cryptoassets deposited into Boost and lent or deployed by Ziglu with selected third parties. The business operates on a freemium, pay-as-you-go pricing model with no monthly or annual account fees. Distribution is exclusively self-serve product-led growth through iOS and Android app stores. The company raised cumulative crowdfunding capital exceeding £6 million via Seedrs across 2020-2021 rounds (including an oversubscribed £1 million raise in 81 minutes in September 2021) and pursued a Series A with venture capital firms.

Following the October 2024 all-share acquisition of Gibraltar-based Damex's retail arm, Ziglu expanded its customer base to approximately 200,000 users across the EU and UK and broadened its product surface to include EU trading and investment offerings and the Damex Token. However, on 7 July 2025, Ziglu Limited entered Special Administration with David Shambrook and Damian Webb of RSM UK Restructuring Advisory LLP appointed as Joint Special Administrators to secure the company's assets, including customer safeguarded funds.

Name

Ziglu

Legal name

Ziglu Limited

Website

https://ziglu.io

Company type

Private

Founded year

2018

Operating status

Closed

Headcount range

11–50 employees

Short description

Ziglu is a UK-based mobile fintech platform offering cryptocurrency trading, e-money accounts, Mastercard debit cards with Crypto-on-Card spending, and yield generation (Boost) to individual consumers in the UK and EEA. The company entered Special Administration in July 2025.

Ownership category

akta.pro rank

Product category

Consumer Digital Banking and Cryptocurrency Services

NAICS

Credit Card Issuing (522210)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto/Web3 Neobanks (FSABAFAG)

akta.pro secondary industries

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC)

Keywords

• Cryptocurrency trading
• E-money services
• Crypto yield generation
• Peer-to-peer payments
• Digital banking app

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Cryptocurrency Exchange Transaction Fees: Charges 1.25% fee on each cryptocurrency Exchange Transaction at the time of transaction execution. This is the primary revenue stream for crypto trading services.
2. ATM Withdrawal Fees: Charges 2% of withdrawal amount for ATM withdrawals globally, after a free monthly limit of £250. Generates revenue from card usage.
3. Crypto-on-Card Conversion Fees: 1.25% conversion fee applied to each crypto-to-fiat conversion at point of sale when using the Ziglu card for crypto spending.
4. Physical Card Replacement Fees: £5 fee for UK delivery and £30 for international delivery when customers request more than two replacement cards within a rolling annual period.
5. Yield Spread (Boost): Ziglu generates yield by transferring customer cryptoassets to selected third parties and lending/using them for commercial purposes. The spread between yield earned and yield paid to customers generates revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ziglu operates a mobile-first neobanking platform that combines electronic money (e-money) services with cryptocurrency trading, peer-to-peer payments, and a yield-earning Boost product, all accessible through a single iOS/Android app. A Ziglu Mastercard debit card with Crypto-on-Card capability lets users spend crypto directly at point of sale by converting crypto to fiat automatically. The platform is available to UK and EEA individual consumers via Ziglu Limited (FCA-authorised) and Ziglu EEA UAB (Lithuania-registered VASP).

Product overview

Ziglu is a UK-based fintech offering a unified mobile application that combines cryptocurrency trading, electronic money banking, and payment services. The core platform comprises the Ziglu App serving as the central interface for the e-money account, exchange transaction service, and payments functionality. Key modules include Boost (yield-earning for transferred cryptoassets) and the Mastercard debit Payment Card with Crypto-on-Card capability. Following a 2024 acquisition of Damex, Ziglu expanded its customer base to approximately 200,000 and integrated the Damex Token into its offerings. Services are available to UK, Gibraltar, and EEA residents, with regulatory oversight from the FCA (UK) and FCIS (Lithuania). Note: As of July 7, 2025, Ziglu Limited entered Joint Special Administration.

Differentiator

Problem solved

Functional benefit

Products and services

• Ziglu App

Quantifiable outcome

• Approximately 200,000 customers served following Damex acquisition

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

One partnership is on record.

• Damex (Gibraltar-based)coreStrategic or Co-development Partner · 14 October 2024Ziglu acquired Damex's retail arm in an all-share deal announced October 14, 2024. The acquisition transferred approximately 60,000 customers in the EU and UK to Ziglu and integrated the Damex Token into Ziglu's platform. The deal enabled Ziglu to expand its financial services in the EU, including new trading and investment offerings, and expanded the customer base to approximately 200,000 users.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Crypto.com: Global crypto exchange and card issuer with a Crypto.com Visa card offering crypto-to-fiat at point of sale. Closely mirrors Ziglu's Crypto-on-Card functionality and yield-style staking products.
• Revolut: UK-headquartered neobank offering integrated fiat accounts, crypto trading, and card spending. Directly comparable to Ziglu across e-money, crypto exchange, and debit card products, but at vastly larger scale.
• eToro: Multi-asset retail platform offering crypto alongside stocks and ETFs, with a regulated UK entity. Overlaps with Ziglu's combined crypto-and-traditional-finance value proposition targeting UK/EU consumers.
• Luno: FCA-registered crypto exchange and wallet operator serving the UK and Europe. Comparable as a regulated UK crypto on-ramp and wallet provider, though without a card product.
• Bitpanda: Vienna-based retail crypto and digital assets platform with a Visa card and staking/yield products. Comparable to Ziglu across regulated EEA crypto exchange, card, and yield features.
• Nexo: Crypto lending and yield platform with a card product. Comparable to Ziglu's Boost yield product, which similarly lends/transfers user crypto to generate returns.
• Coinbase: Largest US-listed crypto exchange, operating Coinbase Card in select EU markets. Comparable as a regulated fiat on/off-ramp with debit-card spending of crypto balances.
• Wirex: UK-based crypto payments platform with a Mastercard debit card that converts crypto to fiat at point of sale. Highly comparable to Ziglu's Crypto-on-Card and European footprint.

Broad incumbents

• Kraken: US-headquartered regulated crypto exchange serving European customers. Comparable on fiat on/off-ramp functionality for retail, though without Ziglu's bundled UK e-money account.
• Binance: Largest global crypto exchange, offering spot trading, yield products, and a Binance Card. Overlaps with Ziglu's exchange and crypto-spend offering at vastly larger scale.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/ZigluMoney
• Facebookfacebook.com/ziglumoney
• LinkedInlinkedin.com/company/ziglu

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ziglu