London-based Zilch, a startup that claims to be redefining the Buy Now, Pay Later (BNPL) marketplace, has raised an additional $30M (approx €24.5M) in equity funding. The additional funds will help the company to close its oversubscribed pre-Series B round in less than 3 weeks.
Recently, the company claims to have become the UK’s first BNPL FinTech to secure a consumer credit authorisation with the Financial Conduct Authority (FCA). With this, Zilch is now in prime position to continue scaling its over-the-top BNPL business. According to the company, it has witnessed customer registration numbers quadruple over the last 6 months and transaction volume grow by more than 100% month-on-month