Zilch, a London, UK-based Buy Now, Pay Later (BNPL) startup, raised $80M in series B funding round.
Backers included Gauss Ventures and M&F Fund.
The company, which has raised over more than $120m over the last 2 years and is now valued at over $500m, intends to use the funds to launch in the USA and continue to grow in the UK by investing further in product innovation and development.
Led by Philip Belamant, Founder and CEO, Zilch provides an over-the-top (OTT) BNPL product that allows its customers to shop wherever MasterCard is accepted and spread their payment over 6 weeks for zero interest and zero fees.
The startup is fast approaching 500,000 customers as well as quadrupled its internal headcount to 80 over 2020.
Zilch will be hiring an additional 100 people in the coming months, more than doubling the team again.