3 years ago

Zilch Raises $50 Million for US Expansion

  • Zilch, a London-based fintech company, raised an additional $50 million in funding, bringing its total Series C raise to $160 million

  • The company plans to use the funds to accelerate business growth in the US market, where it recently opened an office in Miami

  • Zilch is a buy now, pay later app that allows customers to shop wherever Mastercard is accepted

  • The company leverages Open Banking technology and soft credit checks to ensure responsible lending.

      • ProblemFinancial Services

      "Consumers are stuck with high-cost credit cards or overdrafts and lack access to a payment product that offers savings, deals, and cash flow management without interest or late fees."

      Solution

      "Zilch provides a Buy Now, Pay Later (BNPL) platform that allows customers to shop anywhere Mastercard is accepted, offering both debit and credit options with cashback, rewards, and flexible repayment plans. Zilch uses Open Banking technology and soft credit checks to assess affordability for each customer, ensuring responsible lending."

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