a year ago

Zilch Secures £100 Million in Debt Financing for Expansion

  • Zilch, a London-based provider of an ad-subsidised payments network (ASPN), has secured £100 million in a securitisation debt deal led by Deutsche Bank

  • The funding will be used to fuel Zilch's expansion strategy, including the development of new products and the growth of its customer base

  • Zilch has seen rapid growth since its launch in 2020, amassing over 4 million registered customers

  • The company is now poised to triple sales volume and is working towards an IPO.

      • ProblemFinancial Services

      "Building a good credit score can be difficult, especially for young people or those with limited credit history."

      Solution

      "Zilch offers a direct-to-consumer, ad-subsidised payments network (ASPN) that helps customers build their credit profiles with the major credit agencies."

      Covered on