Zilch Raises 100M Financing Deal To Fuel Expansion Strategy

 


Zilch, the pioneer of the ad-subsidised payments network (ASPN), has secured a significant £100 million securitised debt financing through Deutsche Bank. This financing is intended to fuel Zilch’s expansion and accelerate the development of new products, aiming to broaden its customer base and enhance its market presence. Since its inception less than four years ago, Zilch has rapidly grown to serve over 4 million customers, processing more than 10 million monthly payments. The platform offers a unique debit and zero-interest instalment solution, which has facilitated over £2.5 billion in commerce and saved customers more than £450 million in fees and interest, aligning with its mission to reduce the cost of consumer credit.

Zilch CEO Philip Belamant expressed enthusiasm about the financing, highlighting its transformative potential to triple sales volumes and achieve significant operational efficiencies. CFO Hugh Courtney emphasized the strategic importance of optimising Zilch’s capital structure to offer more flexible payment options and prepare for future debt issuances. This financing represents a pivotal step as Zilch aims towards future growth milestones, including potential IPO plans, while continuing to innovate within the fintech industry.

For more details on Zilch and its innovative payment solutions, visit www.zilch.com.

Read More - https://www.techdogs.com/tech-news/business-wire/zilch-raises-100m-financing-deal-to-fuel-expansion-strategy

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