The funding includes an expansion of Zilch’s Deutsche Bank-led $100 million securitisation facility, initially established in June 2024. At the time, CEO Philip Belamant indicated the company was preparing for a potential IPO within 12 to 24 months, suggesting a 2026 public offering remains likely.
Since launching in 2020, Zilch has grown to serve over 5.3 million customers through partnerships with major retailers, including Amazon, eBay, Tesco, and Sports Direct. The company, which has facilitated over £5 billion in transaction volume, recently welcomed former Amex executive Boriana Tchobanova as its new chief operating officer, replacing Rakesh Harji.
Last month, Zilch launched its AI-powered Intelligent Commerce platform for tracking and predicting sales performance, while also announcing Zilch Pay, a one-click checkout solution set to launch in H1 2026.
Zilch has earmarked its latest cash injection to drive brand marketing initiatives, platform enhancements, product development, and potential overseas merger and acquisition opportunities.
Source: https://www.fintechfutures.com/
