Zilch Raises Over 175 Million Dollars to Accelerate BNPL Growth

British buy now, pay later company Zilch has raised over $175 million to accelerate its growth in the UK and expand internationally. The fundraise positions Zilch as one of the best-capitalised BNPL companies in Europe.

Zilch has differentiated itself in the crowded BNPL market by offering a direct-to-consumer model that works at any retailer, combined with a rewards programme that gives customers cash back on purchases. The company's approach has attracted a loyal customer base in the UK.

The substantial raise comes as the BNPL sector shows signs of renewed momentum following a period of market scepticism. Zilch plans to use the funding to expand its product offering and enter new markets, building on its strong UK foundation.