“Can a UK crypto-and-e-money app bridge traditional and digital currencies at retail scale within tightening FCA regulatory constraints?”
Founded in 2018 as Livecon Services, Ziglu repositioned as a UK-based app combining traditional e-money with cryptocurrency access, obtaining FCA EMI authorisation and AML crypto registration. The company attracted significant crowdfunding and was briefly targeted for acquisition by Robinhood before that deal fell through. Ongoing losses (£4.4M in 2023, £15.8M in 2022), a 2023 FCA Section 166 review, and regulatory restrictions in 2025 ultimately led to special administration in July 2025, leaving customers approximately £2.2 million out of pocket.
Ziglu discloses ClearBank as its banking provider, according to the Embedded Finance Index 2026.
Ziglu does not disclose a bank charter of its own; its banking services are provided through ClearBank.
Ziglu moves money over Faster Payments.
The Embedded Finance Index 2026 maps 3 layers in Ziglu's stack: Money movement (Faster Payments); Banking / BaaS (ClearBank); Lending (Crypto lending product).
Ziglu was founded by Mark Hipperson and John Humpish and is founded in 2018, headquartered in London, United Kingdom.
Ziglu has raised $32.07M in total.
Get a read on where your own stack stands against Ziglu and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.