Zilch has announced an additional $64.7 million expansion of its securitization facility, now totaling $194 million. This facility, backed by two leading global credit funds and arranged by Deutsche Bank, enables Zilch to support $13 billion in annual commerce while furthering its rapid growth. The increased support reflects the strength of Zilch’s lending portfolio and regulatory compliance, as well as accelerating transaction volumes. Zilch’s business model leverages every $1.3 of financing to power over $32 in sales, enhancing shareholder value while expanding its market presence.
Led by CEO Philip Belamant, Zilch aims to redefine consumer credit through innovative, cost-effective solutions. The company’s ad-subsidized payments network combines debit, credit, and savings, offering customers up to 5% cashback and interest-free credit options. Since its 2020 launch, Zilch has grown to over four million users and achieved profitability in July 2024, setting it apart in the competitive fintech landscape alongside giants like Revolut and Monzo. With its regulatory foundation under the Financial Conduct Authority and agreements to enhance credit reporting, Zilch aims to promote financial inclusivity and responsible credit use worldwide.
