How Much Did Zilch Raise? Funding & Key Investors

Zilch has successfully raised funding through multiple rounds, with backing from 12 investors, including notable names like KKCG and BNF Capital. The company offers a direct-to-consumer ad-subsidized payments network, providing a flexible buy now, pay later service. With credit limits ranging from £50 to £4,500 and a representative APR of 14.9%, Zilch's platform emphasizes no interest or late fees, along with instant rewards. Keep reading to explore the intricacies of Zilch's fundraising journey and the investors backing this innovative platform.

Keep reading to explore Zilch's fundraising journey.

What Is Zilch?

Zilch is a financial technology company based in London, England, offering a direct-to-consumer ad-subsidized payments network. The company operates across financial sectors including banking, consumer lending, credit, fintech, mobile payments, and payments. Founded in London, Zilch has grown to employ between 251 and 500 people. The company provides flexible buy now, pay later services with no interest or late fees, and offers instant rewards to its users.

How Much Funding Has Zilch Raised?

1. Series A
   • Amount Raised: USD 10,000,000
   • Date: April 2020
   • Lead Investors: Gauss Ventures, Curve
   • Participants: Simon Nixon
2. Series A Extension
   • Amount Raised: USD 30,000,000
   • Date: December 2020
   • Lead Investors: Gauss Ventures
   • Participants: Curve, Simon Nixon
3. Series B
   • Amount Raised: USD 80,000,000
   • Date: April 2021
   • Lead Investors: Gauss Ventures
   • Participants: M&F Fund
4. Series B Extension (Debt & Equity)
   • Amount Raised: GBP 79,900,000 (~USD 110,000,000)
   • Date: July 2021
   • Lead Investors: Goldman Sachs Asset Management
   • Participants: DMG Ventures
5. Series C
   • Amount Raised: USD 110,000,000
   • Date: November 2021
   • Lead Investors: Ventura Capital
   • Participants: Gauss Ventures, Goldman Sachs Asset Management
6. Series C Extension
   • Amount Raised: USD 50,000,000
   • Date: June 2022
   • Lead Investors: Undisclosed
   • Participants: Ventura Capital, Goldman Sachs Asset Management, Gauss Ventures, DMG Ventures, M&F Fund, Limited Ventures
7. Venture Round (Series Unknown)
   • Amount Raised: GBP 20,000,000
   • Date: January 2023
   • Lead Investors: Undisclosed
8. Strategic Investment (Series Unknown)
   • Amount Raised: Undisclosed
   • Date: October 2023
   • Lead Investors: eBay Ventures
9. Debt Financing
   • Amount Raised: GBP 100,000,000 (~USD 127,000,000)
   • Date: June 2024
   • Lead Investors: Deutsche Bank
10. Debt Financing (Securitisation Expansion)
    • Amount Raised: GBP 50,000,000
    • Date: October 2024
    • Lead Investors: Deutsche Bank (arranger)
    • Participants: Two major global credit funds (undisclosed)
11. Debt Financing
    • Amount Raised: GBP 30,000,000
    • Date: September 2025
    • Lead Investors: US Bank
12. Debt & Equity Round (Series Unknown)
    • Amount Raised: USD 176,700,000
    • Date: November 13, 2025
    • Lead Investors: KKCG
    • Participants: BNF Capital, Deutsche Bank (securitisation expansion), other strategic investors (undisclosed)

Total Amount Raised: At least $565M based on disclosed funding across all rounds.

Key Investors

• KKCG
  • Details: KKCG is a private international investment group founded by Karel Komarek, operating across energy, entertainment, and technology sectors. KKCG led Zilch's November 2025 funding round of $176.7M.
• BNF Capital
  • Details: BNF Capital participated in Zilch's November 2025 funding round as a strategic investor alongside KKCG.
• Goldman Sachs Asset Management
  • Details: Goldman Sachs Asset Management is the asset management division of Goldman Sachs, with a focus on private credit, equity, and alternative investments. It led Zilch's Series B extension in July 2021 and participated in the Series C.
• Ventura Capital
  • Details: Ventura Capital led Zilch's $110M Series C in November 2021, which valued Zilch at over $2 billion and made it one of Europe's fastest-growing unicorns.
• Deutsche Bank
  • Details: Deutsche Bank is a leading global investment bank headquartered in Frankfurt, Germany. It arranged Zilch's £100M securitised debt financing in June 2024, expanded to £150M in October 2024, and participated in the November 2025 round.
• eBay Ventures
  • Details: eBay Ventures is the investment arm of eBay. It made a strategic equity investment in Zilch in October 2023, helping sustain Zilch's $2 billion valuation.
• US Bank
  • Details: US Bank, headquartered in Minneapolis, Minnesota, provided a £30M debt facility to Zilch in September 2025 ahead of the company's next phase of growth.

What's Next for Zilch?

As Zilch continues to expand its securitisation facility to £150 million, the company is poised to support £10 billion in annual commerce. This significant opportunity allows Zilch to scale its consumer lending operations and enhance its ad-subsidised payments network, which has already attracted over 4 million customers.

Future fundraising opportunities appear promising, with increased investor confidence demonstrated by the backing from two global credit funds. This financial support is crucial for Zilch's growth trajectory and market position, potentially leading to further securitisation deals and strategic acquisitions to bolster its technological capabilities.

However, Zilch faces challenges such as maintaining regulatory compliance and navigating a competitive fintech landscape. Ensuring the sustainability of its ad-subsidised payments network and managing risks associated with consumer lending will be critical as the company continues to grow.

Use Clay to Get Funding Data

Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Zilch and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.