Robinhood revives its UK expansion plans and agrees to acquire crypto app Ziglu, one of the few crypto companies to secure Financial Conduct Authority approval
Ryan Browne / CNBC :
CNBC Ryan Browne
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Discussion
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@robinhoodapp
@robinhoodapp
on x
This aged well... https://blog.robinhood.com/... https://twitter.com/...
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@markhippo
Mark Hipperson
on x
I am excited to announce that @ZigluMoney has signed an agreement to be acquired by Robinhood. Democratising finance has always been my passion and with @RobinhoodApp we share a common goal. Working to reduce the barriers to entry for a new generation http://blog.robinhood.com/..…
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@ryan_browne_
Ryan Browne
on x
One more tidbit of interesting info: Zigu raised a combined total of £13.4m from retail investors through the crowdfunding site Seedrs. The firm was last valued at ~£85m. Curious to know how much Robinhood paid to buy it...
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@ryan_browne_
Ryan Browne
on x
The deal could provide a big boost for Robinhood's growth prospects after the GameStop frenzy of yesteryear. $HOOD has lost about 2/3 of its value since debuting on the Nasdaq last year. https://www.cnbc.com/...
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@robinhoodcomms
@robinhoodcomms
on x
We're excited to announce that we've signed an agreement to acquire Ziglu, pending regulatory approval and other customary closing conditions. Read more about it on our blog: https://blog.robinhood.com/...