Zlich, a London, UK-based provider of an ad-subsidised payments network (ASPN), raised £100M in a securitisation debt deal.
The deal was led by Deutsche Bank (DB).
The company intends to use the funds to grow its business and accelerate its ability to create and launch new products for a broader base of customers.
Led by CEO Philip Belamant, Zilch is a provider of a direct-to-consumer, ad-subsidised payments network (ASPN) which helps customers build their credit profiles with the major credit agencies. Within 44 months of launch in 2020, Zilch amassed more than 4 million registered customers.
The business is now poised to triple sales volume with new milestone deal as Zilch works towards IPO.
FinSMEs
24/06/2024