Zilch Nets a £100 M Cash Boost Like a Boss
Picture this: the globe’s first ad‑subsidised payment network just snagged a tidy £100 million securitised debt deal, all stitched together by Deutsche Bank. That’s a financial B‑ZAP for the next wave of growth.
What the-Fi—er, Deal Means
- Unlocking fresh capital to send Zilch’s products into high gear
- Propelling the platform to hit more customers and merchants
- Fueling the launch of new features that make payments feel like a breeze
4 Years, 4 Million Customers, 10 M Monthly Payments
In less than four years, Zilch’s footprint exploded: over 4 million users and 10 million+ monthly transactions. They’re turning bills into easy‑going rewards, packing the usual interest‑free instalment into a single, slick debit card.
Why It’s a Game Changer
To date, Zilch has raked in over £2.5 billion of commerce and saved customers a staggering £450 million in fees and interest by letting adverts pay the bill. That’s a serious win against the high cost of consumer credit.
CEO Philip Belamant and CFO Hugh Courtney Speak
Philip Belamant – CEO & Co‑Founder: “This financing is a big‑step moment. We’re primed to triple sales volumes and push capital efficiencies, delivering billions in commerce straight to our retail partners – all while giving our user base heaps of savings and subsidies.”
Hugh Courtney – CFO: “The securitisation opens a new chapter for us. By fine‑tuning our capital structure and pricing, we can keep offering flexible payment options. Deutsche Bank nailed a custom solution that fits our lean model. This deal sets the bar for future debt pricing, an essential milestone as we eye an eventual IPO.”
From 100K New Users a Month to a Double Revenue Runway
With 100,000 fresh faces joining each month and revenue growing year‑on‑year, the new funding is the fuel that keeps the momentum roaring.
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