London-based fintech startup Zilch has announced that it has acquired NepFin, a technology-enabled direct lender offering flexible capital solutions. This development comes right after the company’s recent Series B funding in which it raised an additional $110M (€93.3M). This funding round brought the company’s total funding to over $200M (€170.7M). The details of the acquisition have not been revealed yet.
This fundraise has helped the company to secure key licensing and regulatory capabilities, as well as expand its on the ground team in the US.