Zilch to Acquire Lithuania’s Fjord Bank to Accelerate European Expansion

Overview

• Zilch will acquire 100% of AB Fjord Bank and establish Vilnius as its European headquarters and regulatory platform.
• The European banking licence is intended to enable passporting of Zilch’s payments and consumer finance offering across EU markets.
• Completion is targeted for the second half of 2026, pending regulatory approvals.
• Fjord Bank is a profitable, fully regulated challenger with about $120 million in assets supervised by the Bank of Lithuania and the European Central Bank.
• Zilch frames the deal as product-focused rather than a pivot to deposit-led banking, and it follows more than $175 million raised, over $200 million in annual revenue, and 5.5 million registered customers, with leadership signaling further corporate finance activity.