Robinhood signs agreement to acquire Ziglu
Robinhood has agreed to buy Ziglu, a London-based fintech startup that allows users to trade bitcoin and several other cryptocurrencies.
Founded in 2018, Ziglu is a team of ~70 and it raised £17.5 million. In the future, Robinhood plans to integrate Ziglu into its platform with the goal of bringing the Robinhood brand overseas.
“Ziglu and Robinhood share a common set of goals, working to reduce the barriers to entry for a new generation of investors, and we’re excited to pursue that mission together. As part of Robinhood, we’ll supercharge Robinhood’s expansion across Europe and bring better access to crypto and its benefits to millions more customers.” – Mark Hipperson, founder and CEO of Ziglu.
“Ziglu’s impressive team of deeply experienced financial services and crypto experts will help us accelerate our global expansion efforts. Together with the Ziglu team, we’ll work to leverage the best of both companies, exploring new ways to innovate and break down barriers for customers across the UK and Europe.” – Vlad Tenev, CEO and co-founder of Robinhood.