Ad-subsidized payments network Zilch recorded its first profitable month in July. In the same month, Zilch’s revenue run rate exceeded $130 million, according to a Tuesday (Sept. 3) press release. “The speed at which Zilch has achieved profitability places it in the same bracket as...
British payments FinTech Zilch has raised $127 million in debt financing via Deutsche Bank. The funding will help the company accelerate its ability to launch new products for a wider customer base as it prepares to go public, Zilch announced Wednesday (June 19). “With this...
Investors may be gearing up for an initial public offering (IPO) renaissance, but if PYMNTS’ FinTech IPO Index serves as any harbinger: Caveat emptor. There’s demand brewing for deal-making, for startups to be snapped up in the bid to buy rather than build operations, and for...
British buy now, pay later (BNPL) provider Zilch Technology is reportedly considering launching an initial public offering (IPO) in 2025. Zilch has not selected a venue for an IPO but has talked with Nasdaq, the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE),...
February 15, 2023
The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by the HM Treasury, comes two years after the government announced its intention to tighten rules around the use of interest-free buy now, pay later (BNPL) products and bring them into […]
August 22, 2022
Buy now, pay later (BNPL) is a consumer credit solution typically sold to retailers who then allow eligible consumers to use it to pay in installments. But what changes when...
February 24, 2022
The use of buy now, pay later (BNPL) has exploded in the past few years as more and more consumers tap into the opportunity to pay for expensive, one-time retail...
October 13, 2024
A group of U.K. FinTechs has reportedly met with the country’s government with concerns about growth limits. At that meeting, Bloomberg News reported Saturday (Oct. 12) citing sources, representatives from companies including Revolut, Clearbank and Zilch warned City Minister Tulip Siddiq that Great Britain could fall behind in the FinTech space if the government neglects key […]
September 03, 2024
Ad-subsidized payments network Zilch recorded its first profitable month in July. In the same month, Zilch’s revenue run rate exceeded $130 million, according to a Tuesday (Sept. 3) press release....
June 19, 2024
British payments FinTech Zilch has raised $127 million in debt financing via Deutsche Bank. The funding will help the company accelerate its ability to launch new products for a wider...
March 15, 2024
British buy now, pay later (BNPL) provider Zilch Technology is reportedly considering launching an initial public offering (IPO) in 2025. Zilch has not selected a venue for an IPO but has...
