4 years ago

Zilch Secures $80 Million to Bring its BNPL Solution to the US

  • UK-based BNPL startup Zilch has raised $80 million in a Series B funding round led by Gauss Ventures and M&F Fund

  • The company plans to use the funding to expand into the US market and double its team size

  • Zilch is the first and only FCA-regulated BNPL provider in the UK and allows customers to spread their payments over six weeks with zero interest and fees.

      • ProblemFinancial Services

      "The problem is a fragmented checkout journey in buy now pay later transactions, leading to complicated payment timelines and potential debt."

      Solution

      "Zilch's solution is to consolidate the fragmented space by providing a single, seamless payment solution that integrates with merchants across multiple channels, allowing customers to shop wherever MasterCard is accepted and make payments over 6 weeks with zero interest and zero fees."

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