Zilch Becomes the Fastest-Growing Unicorn in Europe

London, 10th November, 2021 – Zilch, the London-based fintech, today announced that it has closed a $110m Series C funding round, making it the fastest company in Europe to reach unicorn status, with a valuation of over $2billion. This round was led by Ventura Capital and Gauss Ventures with numerous other notable investors. Existing investors include the likes of Goldman Sachs.

Following the success of its initial Series A funding round in September 2020, Zilch has leapfrogged other high-flying scale-ups to become a double unicorn in just 14 months – faster than any other in the EU including the likes of high-flying Cazoo.

Zilch’s growth rate is unparalleled within the BNPL industry. Since the company’s last funding round in March 2021, the business has grown over 8X. The scale-up’s customer base grew from 0 to 1 million in just 13 months – faster than competitors such as Affirm and Klarna as well as Neo-bank Revolut.

The scale-up’s over-the-top, direct-to-consumer model allows Zilch to build direct relationships with its customers and scale significantly faster than its competitors, with a deployment strategy that is not restricted by borders and is merchant agnostic. Zilch allows both debit and credit transactions on its platform and as a result, its customers make use of its services more times in a month than some customers use competitor services in a year.