Robinhood to Acquire British Financial App Ziglu

Investment and trading app company Robinhood has announced the acquisition of startup Ziglu, which develops a crypto wallet with a bank card linked to it.

Earlier, Robinhood expanded access to cryptocurrency wallet beta testing and announced plans for Lightning Network integration.

Mark Hipperson, founder and CEO of Ziglu, has said:

“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.”

For the time being, both companies will continue to work separately, as the acquisition agreement has not yet been approved by the relevant regulator.