5 years ago

Fintech Startup Zilch Raises $10 Million for BNPL Expansion

  • Zilch, a London-based fintech company, raised $10 million in funding

  • The company will use the funds to accelerate the rollout of their product offering

  • Zilch provides a Buy Now Pay Later (BNPL) product that allows customers to shop wherever Mastercard is accepted and spread their payment over 6 weeks for zero interest and zero fees

  • The company's patent-pending model does not require any integration with merchants, making it accessible to users everywhere

  • Zilch has experienced significant traction since its launch in August 2019, particularly among young millennial and Gen Z markets

  • Over 15,000 new customers sign up for Zilch every month.

      • ProblemFinancial Services

      "Making BNPL payments more flexible, allowing customers to pay over time wherever Mastercard is accepted, including online at big brands such as Amazon, eBay, Ali Express, Nike, and more."

      Solution

      "Zilch is an over-the-top (OTT) Buy Now Pay Later (BNPL) product that allows its customers to shop wherever Mastercard is accepted and spread their payment over 6 weeks for zero interest and zero fees whenever they chose to buy from one of Zilch’s 5,000+ retail affiliate partners."

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