Articles from Zilch

Zilch, the consumer payments platform powering the future of commerce, today unveiled milestone product developments marking the next phase of its exponential growth.

Zilch, the fintech payments innovator of the world’s first ad-subsidised payments network (ASPN), today announces the successful expansion of its securitisation facility by an additional £50 million, bringing the total to £150 million. This latest round includes participation from two of the world’s largest credit funds, alongside lead arranger Deutsche Bank.

Zilch, the world’s first ad-subsidised payments network (ASPN), today announced its first month of operating profit while surpassing a revenue run rate of more than $130m (£100m). The business has reached these milestones within just four years of launching its groundbreaking consumer payment platform. Zilch also announced the appointment to its Board of Mark Wilson, former CEO of Aviva and AIA and current member of BlackRock’s Board of Directors.

Zilch, the world’s first ad-subsidised payments network (ASPN), today announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB).

Zilch, the ad-subsidised payments network (ASPN), today announces the launch of a new credit payment product, allowing its customers to spread interest-free repayments for larger purchases over three months. The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share.

Zilch, the UK-headquartered multi award-winning ad-subsidised payments network, today proudly unveils Zilch Up - a revolutionary product dedicated to empowering people typically excluded from mainstream credit. This will create access for millions to build their financial profiles safely and responsibly and without paying any interest.

Zilch, the pioneering direct-to-consumer (D2C) payments technology and advertising platform, is today announcing the official rollout of its Ad-Subsidised-Payments-Network (ASPN) to third parties through open APIs. The proprietary ad-sales platform has demonstrated unprecedented performance, delivering outstanding results for retailer partners and, more importantly, providing customers with over $160 million in savings via cashback, rewards and interest-free credit.

Zilch, the UK-headquartered payments technology company, today announces it has signed an industry-first partnership to work with StepChange, the UK’s leading debt advice charity, which will help Zilch’s millions of customers access help, should they need it, more quickly during the current cost of living crisis.

Zilch, the world’s first Commerce Card, today announces it has raced past the 3 million customer milestone – outpacing fintech heavyweights like Revolut, Starling Bank and N26. Zilch’s direct-to-consumer approach continues to outperform the market showing significantly stronger levels of customer engagement and unit economics. Zilch’s unique Ad-Subsidised-Payments-Network generates advertising revenue each time its customers spend, which it passes on to them in the form of free credit, savings, deals and discounts. This unique approach has resulted in record-breaking customer growth and a profitable product proposition.

Philip Belamant, CEO and Co-Founder of Zilch, has been named EY’s Entrepreneur of the Year 2022 for the London and South East region of the UK.

Zilch, the London-based double unicorn, today announced it has secured an additional $50m in funding, taking the total raise for its Series C to $160m. The extension brings Zilchʼs total funding to more than $460m in debt and equity and sees the fintech company maintain its valuation.

Zilch, a next-generation payments and Buy Now, Pay Later (BNPL) platform, with a BNPL 2.0 business model that works directly with consumers and features no fees or late charges along with 2% instant cashback rewards, has launched in the US with over 150,000 pre- registered customers. Zilch is accepted everywhere Mastercard can be used.

The Financial Technology Association (FTA) welcomed fintech double unicorn and London-based Buy Now Pay Later provider Zilch as its newest member. The addition of Zilch brings FTAʼs total membership to 20 technology-based financial services companies, from modern payments providers and lending platforms to personal finance apps, AI/ML innovators, and more.

Zilch, the London, head-quartered fintech Unicorn, today announces it has taken another major step forward in innovating its technology to measure affordability through its latest partnership with Experian, the global information services company to begin reciprocal reporting of Buy Now Pay Later credit information.

Findings from a new survey on consumer sentiments and understanding around Buy Now, Pay Later (BNPL) illustrates that while BNPL is growing in popularity among consumers with 31% of consumers having used the service, there are still several misconceptions and a prevalent lack of understanding around how BNPL companies operate, compete with traditional credit card companies, and serve consumers. The survey was conducted by Zilch, a next-generation BNPL provider that is launching in the US later this spring.