Zilch, a London, UK-based buy now, pay later lender, raised a further $110M of debt and equity funding as part of an extended Series B round.
Funding – which brings the total raised to more than $200M – came from Goldman Sachs Asset Management and DMG Ventures (the venture capital arm of the Daily Mail and General Trust plc) and others.
The company intends to use the funds to accelerate plans to launch in the US and continue to grow in the UK.
Led by Philip Belamant, Founder and CEO, Zilch is a FCA regulated buy now, pay later lender that allows its customers to shop wherever MasterCard is accepted and spread their payment over six weeks for zero interest and zero fees. This funding follows a series of announcements from the company, including its latest feature, Tap and Pay-over-time.
Zilch recently reached 150 employees in the UK and will now make 100 new hires at the UK HQ and in the US.