Zilch developed the world's first 'over the top' BNPL model, bypassing the need for integration with the merchant and relies on affiliate marketing and interchange fees. No fees and no interest charged to the customers.
Over $8 billion
global BNPL platform estimated market size and growing at over 20% CAGR between 2020 and 2027.
Umbra helped advise on Zilch's debt facility for customer advances and also participated in its pre-Series B equity raise. Series B was ultimately led by Gauss Ventures and M&F Fund, raising $80m at a $500m valuation.
Philip Belamant, Founder and CEO at Zilch explains: “This funding is a demonstration of the confidence and strength of Zilch’s mission and products. By putting the customer first and building direct relationships with each of them, we are doing something no one else in the industry has done before. Zilch is far more than a BNPL company. We will very soon be launching in a number of new countries and continue the testing and rapid rollout of alternate ways for our customers to spend with Zilch".