August 13, 2022
FinTech Journey Of Success: London-based BNPL Company, Zilch

Zilch, is a Buy Now Pay Later (BNPL) Financial Technology (FinTech) firm which provides an application that allows customers to make zero surprises, zero hidden fees, and zero interest payments for purchases made online. 

Company Expertise:

  • Financial Technology (FinTech),
  • Online Payments,
  • Retail,
  • Financial Services,
  • Shopping.

Fundraising Rounds and Investors:

  • In the month of September 2020, the company had its Series A round of funding, where it raised around 10 Million US Dollars.
  • In the month of December 2020, the company had its Series B round of funding, where it raised around 30 Million US Dollars. The investors of this round were:
    • London-based early-stage Venture Capital (VC) company, Gauss Ventures;
    • Simon Nixon, as an angel investor;
  • In the month of April 2021, the company had another Series B round of funding, where it raised around 66.7 Million Euros (EUR). The investors of this round were:
    • London-based early-stage Venture Capital (VC) company, Gauss Ventures;
    • The investment firm, M&F Fund;
  • In the month of July 2021, the company had another Series B round of funding, where it raised around 79.9 Million Pound Sterling (GBP). The investors of this round were:
    • London-based Venture Capital (VC) firm, DMG Ventures;
    • New York-based capital market company, Goldman Sachs Asset Management LP;
  • In the month of November 2021, the company had its Series C round of funding, where it raised around 110 Million US Dollars. The investors of this round were:
    • London-based early-stage Venture Capital (VC) company, Gauss Ventures;
    • The Dubai-based investment firm, Ventura Capital;
  • In the month of June 2022, the company had another Series C round of funding, where it raised around 50 Million US Dollars. 

Zilch aims to transform the credit payment sector with cutting-edge tools enabling users to appropriately handle the cash flow. It was founded with the goal of developing Financial Conduct Authority (FCA) and is among the United Kingdomʼs 1st BNe most qualified methods to make payments globally. It is regulated under the PL service providers to receive the Consumer Credit License. In order to guarantee financial health and consumer protection from the beginning, regulators worked with the company to establish a clear and transparent credit alternative that is customer-focused.

Read Also : FinTech Journey Of Success: London-based Fintech, Railsr

Leave a Reply

Your email address will not be published.