Zilch is a buy-now-pay-later startup whose mission is to revolutionize the credit payment industry with the help of products for cash flow management. Applying a real-time view and understanding of customers’ affordability, Zilch gives them accurate recommendations of what they can afford to borrow. Thus, the service helps to ensure consumer protection and financial health from the start.
Among Zilch’s investors are Ventura Capital, Goldman Sachs Asset Management, Gauss Ventures, DMG Ventures, M&F Fund, and Limited Ventures. The new funding raised will be used for business growth, mainly focusing on the US market.
Zilch, London, the UK, was founded by Philip Belamant and Sean OʼConnor in 2018. Zilch has offices in London, Krakow, and Miami, which recently opened to concentrate on the US market, where the company has already had more than 150 000 pre-registered customers. In the UK, as of now, Zilch attracted 2 million new customers in the last 18 months. “Since we founded Zilch and began raising capital, the markets have been difficult to predict given COVID and now the downturn the markets are currently seeing. We believe our focus on alignment with the consumer, delivered by our innovative business model, has the potential to create significant long-term value for shareholders,” Sean OʼConnor, co-founder. Zilch works with the most advanced fintech enablers such as Amazon Web Services, Cross River, Checkout.com, Mastercard, and others.