Total amount raised
$605.6 Million
Latest funding date
10/1/2024
Location
Zilch has successfully raised funding through 13 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 £4500 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.
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 in various financial sectors, including banking, consumer lending, credit, financial services, 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?
- Series B
- Amount Raised: GBP 79,900,000
- Date: July 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Zilch's consumer lending operations and enhance its payment network.
- Series C
- Amount Raised: EUR 95,000,000
- Date: November 2021
- Lead Investors: Ventura Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Zilch's growth and expansion in the financial services sector.
- Series C
- Amount Raised: USD 50,000,000
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale Zilch's operations and enhance its technological infrastructure.
- Series Unknown
- Amount Raised: GBP 20,000,000
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of new financial products and services.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: October 2023
- Lead Investors: eBay Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Zilch's market presence and customer acquisition strategies.
- Debt Financing
- Amount Raised: GBP 100,000,000
- Date: June 2024
- Lead Investors: Deutsche Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale consumer lending operations and maintain regulatory compliance.
- Debt Financing
- Amount Raised: GBP 50,000,000
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support £10 billion in annual commerce through Zilch's payment network.
- Debt Financing
- Amount Raised: GBP 30,000,000
- Date: September 2025
- Lead Investors: US Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Zilch's lending portfolio and enhance its financial services.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: November 2025
- Lead Investors: Deutsche Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide the financial resources needed for Zilch's growth and regulatory compliance.
- Series Unknown
- Amount Raised: USD 176,700,000
- Date: November 2025
- Lead Investors: KKCG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate Zilch's expansion and enhance its technological capabilities.
Total Amount Raised: USD 176,700,000
Current Valuation: Not publicly disclosed
Key Investors
- KKCG
- Details: KKCG is a private investment group founded by Karel Komarek. It operates in various sectors, including energy, entertainment, and technology.
- Investment Focus Areas: Energy, entertainment, technology
- Notable Investments: Zilch, SAZKA Group, MND Group
- Deutsche Bank
- Details: Deutsche Bank is a leading global investment bank headquartered in Frankfurt, Germany. It offers financial services in investment banking, asset management, and private banking.
- Investment Focus Areas: Investment banking, asset management, private banking
- Notable Investments: Zilch, Trade Republic, WeLab
- US Bank
- Details: US Bank is a major American bank headquartered in Minneapolis, Minnesota. It provides a wide range of financial services, including consumer banking, corporate banking, and wealth management.
- Investment Focus Areas: Consumer banking, corporate banking, wealth management
- Notable Investments: Zilch, Elavon, Talech
- eBay Ventures
- Details: eBay Ventures is the investment arm of eBay, focusing on strategic investments in technology and e-commerce startups. It aims to support innovative companies that align with eBay's business model.
- Investment Focus Areas: Technology, e-commerce, fintech
- Notable Investments: Zilch, Curbside, WHI Solutions
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management is a division of Goldman Sachs, providing investment and advisory services to institutional and individual clients worldwide.
- Investment Focus Areas: Asset management, investment advisory, private equity
- Notable Investments: Zilch, Uber, Spotify
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.
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