Zilch and Mastercard expand BNPL offering to Europe

London-based FinTech Zilch has expanded its partnership with Mastercard to bring its Buy Now, Pay Later (BNPL) digital card to Europe.

The news comes after Zilch hit a $2 billion valuation after raising $110 million in a Series C funding round in November.


The funding round was led by Ventura Capital and Gauss Ventures, while existing investor Goldman Sachs also participated.


The news comes as more BNPL firms look to expand their reach into Europe; in November, Klarna launched in Ireland
.

“Zilch’s absolute focus is the customer and ensuring that their experience is best in class,” said Philip Belamant, founder, and chief executive at Zilch. “With our partner Mastercard we remove acceptance as a barrier and enable our customers to pay overtime anywhere, instantly.

“We empower our customers to safely and securely buy what they want, when they want it, without being limited by temporary cash shortages.”

He added: “We are excited to continue our work with an innovative partner that shares our values and is committed to addressing the evolving needs of our customers at home and abroad as we gear up to launch Zilch in the USA and EU.”

Jason Lane, executive vice president market development Europe at Mastercard, said: “We are excited to further our relationship with Zilch in their ongoing efforts to scale globally, expanding their offering across Europe and offering consumers even more choice on how and when they want to pay.”

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