Zilch Technology Limited

Zilch Technology Limited is a UK-based fintech company specializing in buy-now-pay-later (BNPL) solutions, allowing customers to purchase products from retailers using flexible payment options. Founded in 2018 in London, UK, Zilch Technology Limited focuses on offering innovative financial solutions through its BNPL platform. The company was established by founders Adam Nelson, Heather Smith, Philip Belamant, and Sean O’Connor. The CEO is Albert Periu, with Bart SwingZ and Philip Belamant also in leadership positions.

Zilch has raised GBP 20. 957 mn through multiple funding rounds, with its latest round being a VENTURE DEBT round of GBP 100. 000 mn. The company has been involved in 16 different deals.

Zilch provides financial solutions through its core BNPL offerings, allowing consumers to make purchases at any Mastercard-accepting retailer. Customers can opt to pay in full or in four interest-free installments over six weeks. This service enhances consumer financial health by offering alternative credit options without traditional credit costs. Zilch has quickly gained over two million users within 18 months of its UK launch and is expanding into the U.

S. market, targeting consumers in search of manageable payment solutions. For the year 2024, Zilch reported revenue of GBP 71,822,738. 30, with an EBITDA of GBP -29,622,872.

60. The company generates revenue primarily through transaction fees from purchases made via its platform, charging customers fees for transactions outside its network while offering installment options for those within it. Zilch Technology Limited plans to leverage its recent funding from Provider Investment to enhance its product offerings and expand into new markets, particularly targeting the U. S.

market. The company is focused on developing and launching new financial products that cater to evolving consumer needs. Specific release dates for these products have not been disclosed.