Zilch, a UK-based BNPL provider, has raised GBP 100 million (~USD 125 million) through a securitization deal led by Deutsche Bank. The debt financing deal with Deutsche Bank will provide up to USD 315 million in credit from different banks.
The funds will be used to grow the business and expand product offerings that target a wider range of customers.
Zilch has over 4 million users and processes over 10 million monthly payments.
Analyst QuickTake: Leading up to Zilch’s potential IPO in 2025 , the company has expanded product offerings with the launch of its Ad-Subsidized Payments Network (ASPN) last June, which has helped users save over GBP 450 million (~USD 570 million) in total fees and interest. The company also expanded its BNPL offering with the launch of " Pay over 3 months ," an interest-free regulated credit offering in the UK early this year.
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