Founded by former Starling Bank co-founder and CTO Mark Hipperson Zigluthe brokerage application company, with the announcement made on Twitter today. Robinhood announced that it will be purchased by
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 https://t.co/KMBS6jv0g0
— Mark Hipperson 💙💛 (@markhippo) April 19, 2022
Ziglu, which is the first bank that aims to offer traditional banking transactions and digital banking transactions together, closed a crowdfunding round of 6.1 million pounds about 2 years ago.
Fintech company Robinhood, which enables commission-free stock trading via the mobile application, has come to the fore with many crypto currency listing news so far. It has been among the last altcoins listed by the platform in the past days. SHIB With this news, it experienced a 20% increase.
The popular US cryptocurrency platform continues to expand internationally. It has now signed an agreement to acquire UK-based Ziglu Limited, subject to regulatory approvals and other customary closing conditions.
Robinhood, on the other hand, announced earlier this month that it is expanding access to its crypto wallet service. Additionally, it plans to introduce support for Lightning networks, a Bitcoin-focused payment network, in the coming months.