Zilch secures £82m Series C funding from Ventura Capital and Gauss Ventures to accelerate international expansion.
The funding round was led by Ventura Capital and Gauss Ventures, with participation from Goldman Sachs, pushing the company valuation to $2bn.
Zilch operates a payments platform combining debit and credit features with cash flow management tools. The company allows consumers to pay using debit or structured credit installments anywhere Mastercard is accepted.
Zilch has secured £82m in a Series C funding round led by Ventura Capital and Gauss Ventures, with participation from existing backer Goldman Sachs. The capital injection coincides with the company achieving a $2bn valuation, marking a rapid rise to unicorn status following its Series A round fourteen months prior.
The London-headquartered fintech intends to deploy the fresh funds to support its ongoing international expansion, notably facilitating its launch into the United States market following its recent acquisition of US lending fintech NepFin and the establishment of offices in Miami.
The business has expanded its headcount significantly over the past year and plans to continue hiring across its international locations in London, Miami, and Krakow as it scales its operations.
From the founder
"It’s really been phenomenal to watch customers adopt our product at such significant speed. Our entire 200+ team is truly humbled and grateful for the opportunity to serve millions of customers daily and rest assured we are all working around the clock to delight them. We have been fortunate to experience such phenomenal growth over the last 14 months and today we are celebrating becoming one of Europe’s fastest unicorns.Our unique business model, which is built on regulation and places consumer financial wellness at the heart of our operations, has created a revolution in the BNPL industry. We’re excited about this major milestone but realise that the job is nowhere near done and this really only marks the beginning of our growth journey as we aim to become the best way for consumers to pay for anything, anywhere."
Philip Belamant
CEO & Co-Founder at Zilch
Investor perspective
"It’s not very often that you come across a business with a phenomenal business idea, outclass technology and the equivalent execution. Zilch has all of the above and the hypergrowth proves it. These attributes have made Zilch a flagship investment for Ventura, aligned to our portfolio of disruptors in consumer technology, having already shaken up the UK credit industry and gone from Series A to Unicorn in record time. We’re delighted to rejoin Zilch in this next milestone growth round on their mission to offer the best way to pay over time and to fund accelerated expansion plans and launch in the US."
Mo El Husseiny
Founder and Managing Partner, Ventura Capital
Use of funds
- 01Expand into international markets
- 02Grow the team
