London-based Zilch, the fintech platform known for its buy-now-pay-later solutions and cashback rewards for consumers, has expanded its securitization facility by £50 million. The news raises the deal’s total to £150 million.
The funding will enable Zilch to support £10 billion in annual commerce and sustain its growth trajectory. This latest round of financing includes investments from two global credit funds, alongside Deutsche Bank.
The facility’s expansion comes four months after the initial securitization announcement, which the company notes is a reflection of its increasing transaction and lending volumes. Zilch CFO Hugh Courtney said in a statement that this funding provides the resources for continued growth as the company scales its operations.
“The syndication of the facility allows us to confidently drive the business forward with the headroom to grow,” Hugh said.
