Zilch, the consumer payments platform enabling digital commerce, announced it has raised more than $175 million in debt and equity. Led by KKCG, the funding round includes contributions from BNF Capital and other investors. The recent raise also includes the expansion of its securitization led by Deutsche Bank.
The raise has been announced by Zilch after the recent launch of new products, enhancing its appeal to merchants and consumers. Intelligent Commerce, an AI-enhanced platform that transforms live engagement data into real-time insights, comes in response to the Agentic Commerce landscape.
Zilch Pay, set to launch in H1 next year, will aim to capture an growing share of consumers’ wallets and improve the customer experience.
With its latest investment round, Zilch is positioned to continue shaping the future of commerce, with the funds to be invested in enabling brand visibility via increased above-the-line marketing spend, “product development and platform enhancement, and the exploration of strategic M&A opportunities.”
Since launching back in 2020, Zilch has been on a mission to “eliminate high-cost credit through building a consumer payments platform that works in consumers’ favor and rewards them for the retail value they create.”
The power of the proposition has seen the business amass 5.3 million customers, many of whom pay with Zilch 60x a year, with its most engaged users doing so on a daily basis.
Zilch connects users to retailers and brands, such as Amazon, eBay, Tesco and Sports Direct, to help them acquire customers and boost revenue. The Fintech claims it has processed £5 billion+ of commerce.
Philip Belamant, CEO and Co-Founder of Zilch said that this funding reflects confidence in their team, strategy and execution.
He added that their newly launched products are driving growth, and with the support of a group of debt and equity investors, they are positioned for the next phase of expansion.
