Zilch Secures $127 Million to Fuel Growth and IPO Plans

The British fintech aims to triple sales volume and expand its customer base ahead of a potential public listing next year.

Zilch raised $127 million through a securitized debt financing deal arranged by Deutsche Bank.
The funding will support the development of new products and the expansion of its retail partner network.
CEO Philip Belamant highlighted the company's intention to pursue an IPO, with venue options including London and New York.
Zilch serves over 4 million customers and processes more than 10 million monthly payments.
The company is positioning itself to benefit from the growing popularity of buy now, pay later services.