Zilch (company)
 | The topic of this article may not meet Wikitia's general notability guideline. |
| Industry | Financial Services |
|---|---|
| Founded | 2018 |
| Founder |
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| Headquarters | Victoria, England |
| Services |
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| Website | zilch |
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 November 2020, Zilch secured a Consumer Credit Authorisation with the FCA in the United Kingdom.[6][7][8]
In April 2021, Zilch released its Tap & Pay-over-time feature for its customers, via Apple Pay, Google Pay or Samsung Pay.[9][10] Also in April 2021, Zilch announced a valuation of over $500 million.[11] Shortly after in July 2021, the company announced a funding deal partnership with Goldman Sachs and DMG Ventures.[9] The following month, Zilch announced its acquisition of the US commercial lender Nepfin.[12]
In October 2021, Zilch reported an overall valuation of $2 billion, making it the fastest company in Europe to reach double unicorn status.[9][13][14][15]
In March 2022, Zilch announced it had surpassed 2.5 million customers.[16]
In April 2022, Zilch and Experian announced a partnership to begin reciprocal reporting of credit information in BNPL.[17]
In May 2022, Zilch announced it had launched in the US with over 150,000 pre-registered customers.[18][19][20] Zilch extended its funding in June 2022, bringing the total to $193 million.[21][22]
Zilch partnered with StepChange in February 2023, working to implement StepChange Direct's service directly into its platform.[23] Zilch also announced its partnership with Yapily the following month. Yapily’s open banking platform will be leveraged to support the credit decision process for Zilch’s BNPL offerings.[24]
References
- ↑ "London-based Klarna rival Zilch announces 'Tap & Pay-over-time' feature in the UK". UKTN.
- ↑ Trapp, Roger. "Zilch Takes Flight On The Back Of Online Shopping's Lockdown Boost". Forbes.
- ↑ Woodford, Isabel. "Zilch cofounders still own 50% of the fintech as it hits $2bn valuation in record time". sifted.
- ↑ Hughes, Suman. "Zilch and Mastercard announce an expanded partnership to launch Zilch BNPL card across Europe". Mastercard.
- ↑ "Zilch to 3 million: Fintech passes 3 million users and turns a gross profit". Fintech Finance News. November 2, 2022. Retrieved April 6, 2023.
- ↑ Carrick, Angharad. "Klarna-challenger Zilch becomes first 'buy now pay later' firm to secure FCA licence". citya.m.
- ↑ Cooke, Harriet. "Pizza on buy now pay later raises debt concerns". Financial Times.
- ↑ Finn, Aisling. "Buy-now-pay-later fintech Zilch lands FCA authorisation". altfi.
- ↑ 9.0 9.1 9.2 Kleinman, Mark. "'Buy now pay later' provider Zilch strikes $100m funding deal with Goldman and Daily Mail-owner". Sky News.
- ↑ Girling, William. "Fintech Zilch redefines BNPL with 'tap and pay-over-time'". FinTech.
- ↑ Lunden, Ingrid. "UK's Zilch raises $80M at a $500M+ valuation for its direct-to-consumer buy now, pay later service". TechCrunch.
- ↑ "BNPL Firm Zilch Buys Commercial Lender NepFin, Readies US Growth". pymnts.
- ↑ Lucas, Peter. "The United Kingdom's Zilch Becomes the Latest Entrant in the Hotly Contested U.S. BNPL Market". Digital Transactions.
- ↑ Browne, Ryan. "UK buy now, pay later start-up quadruples valuation to $2 billion, plans U.S. expansion". CNBC.
- ↑ England, Joanna. "Zilch CEO Philip Belamant on Startup to Double-Unicorn Story". FinTech.
- ↑ Iddenden, George. "BNPL firm Zilch has Klarna, Afterpay in its sights with US launch". Charged Retail.
- ↑ Kenyon, Tilly. "Zilch partners with Experian for responsible BNPL criteria". FinTech.
- ↑ "Zilch Expands D2C BNPL With Cashback Rewards in US". pymnts.
- ↑ Berr, Jonathan. "BNPL player Zilch expands to US". paymentsdive.
- ↑ "Hypergrowth FinTech Zilch launches in US". Business Cloud.
- ↑ Hornstein, Oscar. "Zilch adds £41m to Series C round as CEO slams BNPL rivals". uktn.
- ↑ "Klarna rival UK-based Zilch secures €48M for its BNPL platform, eyes US expansion". Silicon Canals.
- ↑ "Zilch partners with debt charity StepChange".
- ↑ "Yapily and Zilch Partner on Affordable Credit Solutions in UK".
External links
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