Zilch Raises 100m Financing Deal To Fuel Expansion Strategy

By Author: Orson Amiri
Total Articles: 417
Comment this article

Zilch, the pioneering ad-subsidised payments network, has secured a significant £100 million securitised debt financing through Deutsche Bank, aimed at accelerating its growth and product expansion. In less than four years, Zilch has attracted over 4 million customers and processes more than 10 million payments monthly. The platform offers a unique debit and zero-interest instalment solution, saving customers over £450 million in fees and interest by integrating advertising subsidies into payment services.

CEO Philip Belamant highlighted the financing as transformative, projecting a tripling of sales volumes and enhanced capital efficiency. This move supports Zilch’s rapid customer acquisition rate of over 100,000 new users monthly and doubles its annual revenue. CFO Hugh Courtney emphasized the strategic importance of optimising capital structure to provide flexible payment options and prepare for future debt issuances, setting a benchmark for future growth and potential IPO plans.

For more details on Zilch and its innovative payment solutions, visit www.zilch.com.

Read More - https://www.techdogs.com/tech-news/business-wire/zilch-raises-100m-financing-deal-to-fuel-expansion-strategy