Zilch, the Fintech payments innovator of the ad-subsidized payments network (ASPN), announces the expansion of its securitization facility by an additional £50 million, bringing the total to £150 million.
This investment round includes participation from two of the world’s largest credit funds, alongside lead arranger Deutsche Bank.
The total deal will allow Zilch to support £10 billion in annual commerce and maintain its rapid growth trajectory.
This expansion of the facility and an increase in its maximum size just four months after the initial securitisation announcement reflects the acceleration in Zilch’s transaction and lending volumes.
Securing the addition of two of the world’s credit funds is also said to be a testament to the strength of Zilch’s portfolio and its regulatory foundation.
Philip Belamant, CEO and Co-Founder of Zilch, said that bringing two more global credit funds into their securitization structure not only underscores the increasing confidence in their business model but also provides the financial fuel and resources they “need to accelerate growth, serve increasing customer demand and continue the expansion of their wallet and market share.”
Their business model means that this growth will accelerate as they head into 2025 and beyond.
The syndication of the facility allows them to confidently drive the business forward with the headroom to grow.”
This securitization facility marks a key moment for Zilch as it continues to scale its operations and provide financial solutions to consumers, while maintaining “a commitment to regulatory standards.”
Zilch’s vision is to eliminate the “high cost of consumer credit.”
Zilch further noted that it is the direct-to-consumer, ad-subsidised payments network (ASPN).
Leveraging its first-party-data business model, Zilch aims to bring more value to customers and marketers alike.
Today Zilch is enhancing the $50 trillion advertising and payments industries by merging the “debit, credit, and savings.”
Co-founded by Philip Belamant, Sean O’Connor, and Serge Belamant, Zilch provides customers the “freedom to go anywhere in the world (online or offline) and, when they pay, earn up to 5% cashback & rewards on debit payments (‘Pay Now’) or spread interest-free credit repayments over six weeks or three months.”
Zilch also explained that it helps customers “build their credit profiles with the major credit agencies. Within 44 months of launch in 2020, Zilch amassed more than 4 million registered customers.”
In September 2024, four years after its public launch, Zilch announced that in July 2024 it had achieved “first-month profitability in record time while surpassing $130 million of revenue run rate, keeping pace with European fintech giants like Revolut, Starling Bank, and Monzo.”
In 2023, Zilch launched its ASPN service, which allows merchants instant connection with Zilch’s first-party-data, closed-loop network of millions of high-intent customers, while offering customers “personalized savings, deals, and discounts codified to their habitual daily spend.”
In January 2023, Zilch struck a reporting agreement with the UK’s prime credit reference agencies, transforming the UK lending ecosystem by enabling all adults to build their credit records “using interest-free credit rather than high-cost revolving credit products.”
Since April 2020, Zilch has been regulated by the Financial Conduct Authority (FCA), obtaining a consumer credit license via the Regulatory Sandbox Program.
Zilch is setting benchmarks in the industry to create an inclusive and efficient ecosystem, empowering users to manage their financial lives more effectively.