Zilch is a direct-to-consumer fintech platform that enables users to make online and in-store purchases while earning cashback and rewards. The platform integrates payments with advertising, allowing brands to subsidise consumer spending while reducing merchant costs.
Available on both iOS and Android, Zilch offers flexible payment options, debit-based rewards, and interest-free installment plans. Its model positions the company at the intersection of payments, e-commerce enablement, and alternative consumer lending.
What Is Zilch and What Does It Do?
Zilch, founded in 2018, is a London-based payments technology company operating an ad-subsidised payments network. The company was founded by Philip Belamant, Sean O’Connor, and Serge Belamant.
Zilch enables customers to pay online and in-store using flexible payment options while earning rewards and cashback. Merchants benefit from lower acquisition costs, while advertisers fund consumer incentives through Zilch’s platform.
Zilch employs 251-500 people and operates across payments, alternative lending, and e-commerce enablement sectors.
How Much Funding Has Zilch Raised?
1. Series B
- Amount Raised: $30M
- Date: December 2020
- Lead Investors: M&F Fund
- Motivation: To expand the payments network and strengthen core technology.
2. Series B
- Amount Raised: €66.7M
- Date: April 2021
- Motivation: To scale operations and grow the customer base.
3. Series B
- Amount Raised: £79.9M
- Date: July 2021
- Lead Investors: Goldman Sachs Asset Management
- Motivation: To enhance consumer lending capabilities and platform scale.
4. Series C
- Amount Raised: €95M
- Date: November 2021
- Lead Investors: Ventura Capital
- Motivation: To support rapid growth and expand market reach.
5. Series C
- Amount Raised: $50M
- Date: June 2022
- Motivation: To scale transaction volume and strengthen infrastructure.
6. Venture Round
- Amount Raised: £20M
- Date: January 2023
- Motivation: To expand the consumer base and product offerings.
7. Debt Financing
- Amount Raised: £100M
- Date: June 2024
- Lead Investors: Deutsche Bank
- Motivation: To scale consumer lending operations and transaction capacity.
8. Debt Financing
- Amount Raised: £50M
- Date: October 2024
- Motivation: To support high-volume commerce and sustained growth.
9. Series D
- Amount Raised: $175M
- Date: November 2025
- Motivation: To strengthen balance sheet and expand globally.
Total Funding Raised: $565 Million
Current Valuation: $2.16 Billion (as of Oct 2024)
Latest Funding Date: November, 2025
Key Investors
1. Novator Partners
- Details: A private investment firm focused on long-term growth opportunities.
- Investment Focus Areas: Telecommunications, technology, fintech.
- Notable Investments: Zilch, CCP Games, WOM.
2. NaMa Capital
- Details: A growth-focused investment firm supporting high-impact companies.
- Investment Focus Areas: Fintech, technology, consumer platforms.
- Notable Investments: Zilch.
3. Goldman Sachs Asset Management
- Details: The investment management arm of Goldman Sachs.
- Investment Focus Areas: Financial services, technology, alternative assets.
- Notable Investments: Zilch, Klarna, Stripe.
4. Deutsche Bank
- Details: A global banking and financial services institution.
- Investment Focus Areas: Banking, credit facilities, fintech.
- Notable Investments: Zilch.
5. eBay Ventures
- Details: Venture investment arm of eBay supporting strategic technology partners.
- Investment Focus Areas: E-commerce, fintech, marketplaces.
- Notable Investments: Zilch.
Where Is Zilch’s Headquarters?
Zilch is headquartered in London, United Kingdom, positioning the company within one of the world’s leading fintech and financial services ecosystems.
What’s Next for Zilch?
Zilch is focused on scaling its ad-subsidised payments model to support billions in annual transaction volume. With expanded debt facilities and Series D capital, the company aims to deepen merchant adoption, expand international reach, and strengthen its position as a next-generation payments network.
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