UK buy now pay later (BNPL) fintech Zilch has raised $175m across equity and debt, as it explores M&A opportunities and product development.
Led by KKCG, the round also includes participation from BNF Capital, among other investors. Deutsche Bank led the expansion of its debt securitisation. The fintech’s valuation remains unchanged from its previous equity raise when it secured a $2bn pricetag.
“This funding reflects strong confidence in our team, strategy and execution, enabling us to continue scaling at pace,” says CEO and cofounder Philip Belamant.
Founded in 2018, Zilch is a consumer payments platform with over 5m users most known for its flexible payment options, including BNPL. In its latest financial results covering the financial year 2025, Zilch reported £110.3m in revenue against £10.4m in pre-tax losses.
Even so, with the funding, Zilch plans to explore strategic M&A opportunities, up its market spend and further product development. Next year, the company is set to launch Zilch Pay, a one-click checkout experience for its customers.
“This new capital enables us to have serious conversations with strategic M&A candidates. We’re particularly interested in companies that have incredibly strong consumer relationships, like us, as well as marketing and advertising technology companies,” says Belamant.
