Sky News reports that the company is working with advisers to seek potential acquisitions as it continues to gear up for a potential public offering.
Zilch, a UK-based buy now, pay later (BNPL) fintech, is reportedly searching for international acquisition opportunities as it continues to gear up for a potential initial public offering (IPO), according to Sky News.
Sky News reports that the company has engaged advisers to identify potential acquisition targets that could potentially be secured in the near future.
Founded in 2018, Zilch describes itself as the world’s first direct-to-consumer, ad-subsidised payments network (ASPN). The company has grown to serve over 4.5 million customers, and earlier this year reported a £145 million revenue run rate. The fintech previously acquired US fintech start-up NepFin back in 2021, which was followed by a $110 million Series C funding raise the same year. The company later extended its Series C funding round by $50 million in 2022.
Currently valued at over £1.5 billion, Zilch is reportedly preparing for a public listing, though the location remains undetermined.
FinTech Futures has contacted Zilch for comment.
Source: https://www.fintechfutures.com/
