• Zilch, a UK-based BNPL provider, has raised USD 110 million in a Series C funding round co-led by Ventura Capital and Gauss Ventures. The latest funding round values Zilch at USD 2 billion, a fourfold increase from its previous (USD 500 million, July 2021).

• The round brings the company’s total funding to more than USD 300 million. The fresh funds will be used to expand operations into the US; the company has already established an office in Miami with 10 employees and partnered with financial organizations Cross River, Margeta, and Checkout.com. Currently, Zilch serves 1.2 million customers with 200,000 new users joining each month.

<ul><li> Analyst QuickTake: Zilch has been aggressively pursuing its US expansion. Its previous funding round, a Series B extension , was also funneled towards its US expansion. Moreover, it announced the acquisition of commercial lending FinTech Neptune Financial Inc. in August 2021 , gaining access to NepFin’s California Finance Lenders License and its compliance infrastructure.</ul>