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Zilch raises GBP 100 million in debt financing to support expansion plans
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Jun 19, 2024
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Buy Now, Pay Later

Jun 19, 2024

Zilch raises GBP 100 million in debt financing to support expansion plans

Funding

  • 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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