Total amount raised
$605.6 Millions
Latest funding date
10/1/2024
Location
Zilch has successfully raised significant funding through multiple rounds, attracting notable investors such as Deutsche Bank and eBay Ventures. The company offers a direct-to-consumer ad-subsidized payments network, providing a flexible buy now, pay later service.
Keep reading to explore the intricacies of Zilch's fundraising journey and the investors backing this innovative platform.
What Is Zilch?
Zilch, founded in 2018, is a financial technology company based in London, England. The company was established by Philip Belamant, Sean O’Connor, and Serge Belamant. With a workforce of 251-500 employees, Zilch offers a direct-to-consumer ad-subsidized payments network, providing flexible buy now, pay later services.
How Much Funding Has Zilch Raised?
- Series B
- Amount Raised: $30M
- Date: December 2020
- Lead Investors: M&F Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their payment network and enhance technology.
- Series B
- Amount Raised: €66.7M
- Date: April 2021
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and serve more customers.
- Series B
- Amount Raised: £79.9M
- Date: July 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their consumer lending operations.
- Series C
- Amount Raised: €95M
- Date: November 2021
- Lead Investors: Ventura Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand their market reach.
- Series C
- Amount Raised: $50M
- Date: June 2022
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their payment network and enhance technology.
- Non-Equity Assistance
- Amount Raised: -
- Date: September 2022
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational needs and strategic initiatives.
- Venture Round
- Amount Raised: £20M
- Date: January 2023
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their consumer base and enhance services.
- Venture Round
- Amount Raised: -
- Date: October 2023
- Lead Investors: eBay Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and market expansion.
- Debt Financing
- Amount Raised: £100M
- Date: June 2024
- Lead Investors: Deutsche Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel expansion and scale consumer lending operations.
- Debt Financing
- Amount Raised: £50M
- Date: October 2024
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support £10 billion in annual commerce and maintain growth.
Total Amount Raised: $500M. Current Valuation: Not publicly disclosed.
Key Investors
- Deutsche Bank
- Details: Deutsche Bank is a global banking and financial services company headquartered in Frankfurt, Germany. It offers a wide range of services including investment banking, asset management, and private wealth management.
- Investment Focus Areas: Banking, financial services, fintech.
- Notable Investments: Deutsche Bank has invested in various sectors including technology, real estate, and financial services.
- eBay Ventures
- Details: eBay Ventures is the venture capital arm of eBay, focusing on investments in innovative companies. It aims to support startups that align with eBay's strategic interests.
- Investment Focus Areas: E-commerce, fintech, technology startups.
- Notable Investments: eBay Ventures has invested in companies related to e-commerce platforms, payment solutions, and technology-driven startups.
- Ventura Capital
- Details: Ventura Capital is a private equity and venture capital firm that invests in high-growth companies. It focuses on providing strategic support and capital to help businesses scale.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Ventura Capital has invested in various sectors, including technology startups and healthcare companies.
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management is a division of Goldman Sachs, providing investment and advisory services to institutional and individual clients worldwide.
- Investment Focus Areas: Financial services, technology, real estate.
- Notable Investments: Goldman Sachs Asset Management has a diverse portfolio, including investments in fintech, real estate, and technology companies.
- M&F Fund
- Details: M&F Fund is a venture capital firm that focuses on early-stage investments. It aims to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, fintech, consumer products.
- Notable Investments: M&F Fund has invested in various technology startups and fintech companies.
What's Next for Zilch?
With the recent expansion of its securitisation facility to £150 million, Zilch is poised to support £10 billion in annual commerce. This significant opportunity underscores the company's potential to scale its consumer lending operations and enhance its market presence. The integration of advertising revenue with payment processing through its ad-subsidised payments network (ASPN) further amplifies its growth prospects.
Future fundraising opportunities appear promising, with the potential for additional securitisation deals and attracting more global credit funds. As Zilch continues to grow, maintaining regulatory compliance and managing increased financial complexities will be crucial. Competition from established fintech firms and ensuring data privacy in its ASPN service are challenges that lie ahead.
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