Tag: Zilch

UK-based buy now pay later startup Zilch raised $80m in a Series B funding round led by Gauss Ventures and M&F Fund and is now valued at over $500m.

UK-based buy now pay later (BNPL) FinTech firm Zilch introduced a ‘tap and pay-over-time’ solution which enables high street shoppers to make in-store purchases and pay later.

The buy now pay later sector may have had its best year ever in 2020, but now the UK’s top financial watchdog is calling for stricter rules “to protect consumers”.

Klarna was briefly Europe’s highest valued FinTech in 2020 and while the FinTech company has helped shape buy now and pay later services, there are many more gaining a lot of traction.

Saudi Arabia-based startup Tamara has secured $6m of seed capital on the back of increased activity in the buy now pay later sector.

As the year draws to a close, most people will be happy to see the back of it. However, these 29 FinTechs managed to end 2020 on a high by raising funding last week.

Zilch, a London-based FinTech pegged to be the rival to Klarna, has closed an additional $30m in funding to close an oversubscribed pre-Series B in under three weeks.

Klarna and Afterpay just got more competition in the US as Australian buy now, pay later provider Openpay has just kicked off its operations in the country.

Buy now pay later startup Zilch has secured a consumer credit authorisation with the Financial Conduct Authority (FCA), which could be a first for the London-based venture.

London-based FinTech Zilch has officially launched its new feature Snooze, giving users the ability to delay repayment on an instalment, or an entire payment plan by between four to seven days.