Zilch (company)

Financial technology company

ZilchIndustry| Fintech

|

Founded| 2018; 6 years ago (2018)
Founder| Philip Belamant
Sean O’Connor
Headquarters|

London

United Kingdom

Website| https://www.zilch.com/us/

Zilch is a London-based BNPL payment platform.[1][2] Co-founded in 2018 by Philip Belamant and Sean O’Connor,[3] it was publicly launched in September 2020.[4] As of 2023, Zilch has over 3 million users.[5]

In April 2021 Zilch announced a valuation of over $500 million.[6] Shortly after in July 2021, the company announced a funding deal partnership with Goldman Sachs and DMG Ventures.[7]

In October 2021 Zilch reported an overall valuation of $2 billion, making it the fastest company in Europe to reach double unicorn status.[7][8][9][10]

In April 2022 Zilch and Experian announced a partnership to begin reciprocal reporting of credit information in BNPL.[11] Zilch extended its funding in June 2022, bringing the total amount to $193 million.[12][13]

Zilch partnered with StepChange in February 2023, working to implement StepChange Direct's service directly into its platform.[14]

## References[edit]

1. ^ "London-based Klarna rival Zilch announces 'Tap & Pay-over-time' feature in the UK". UKTN.
2. ^ Trapp, Roger. "Zilch Takes Flight On The Back Of Online Shopping's Lockdown Boost". Forbes.
3. ^ Woodford, Isabel. "Zilch cofounders still own 50% of the fintech as it hits $2bn valuation in record time". sifted.
4. ^ Hughes, Suman. "Zilch and Mastercard announce an expanded partnership to launch Zilch BNPL card across Europe". Mastercard.
5. ^ "Zilch to 3 million: Fintech passes 3 million users and turns a gross profit". Fintech Finance News. November 2, 2022. Retrieved April 6, 2023.
6. ^ Lunden, Ingrid. "UK's Zilch raises $80M at a $500M+ valuation for its direct-to-consumer buy now, pay later service". TechCrunch.
7. ^ a b Kleinman, Mark. "'Buy now pay later' provider Zilch strikes $100m funding deal with Goldman and Daily Mail-owner". Sky News.
8. ^ Lucas, Peter. "The United Kingdom's Zilch Becomes the Latest Entrant in the Hotly Contested U.S. BNPL Market". Digital Transactions.
9. ^ Browne, Ryan. "UK buy now, pay later start-up quadruples valuation to $2 billion, plans U.S. expansion". CNBC.
10. ^ England, Joanna. "Zilch CEO Philip Belamant on Startup to Double-Unicorn Story". FinTech.
11. ^ Kenyon, Tilly. "Zilch partners with Experian for responsible BNPL criteria". FinTech.
12. ^ Hornstein, Oscar. "Zilch adds £41m to Series C round as CEO slams BNPL rivals". uktn.
13. ^ "Klarna rival UK-based Zilch secures €48M for its BNPL platform, eyes US expansion". Silicon Canals.
14. ^ "Zilch partners with debt charity StepChange".