Zilch joins FTA ahead of US launch

UK buy now, pay later (BNPL) company Zilch has joined the Financial Technology Association (FTA) ahead of its launch in the US.

Zilch provides an Over the Top (OTT) BNPL product that allows its customers to spread their payment over six weeks for zero interest and zero fees.

The addition brings the organisation’s total membership to 20 technology-based financial services companies.

“Zilch was one of the first BNPL providers in the UK to be regulated as financial health is built into the core of our business model,” said Philip Belamant, chief executive and co-founder of Zilch. “With this in mind, we are excited to be working with the Financial Technology Association as a voice for us and the industry at large in Washington.”

Last month the London-based FinTech – which says it’s Europe’s fastest-ever company to go from Series A to unicorn status – announced that it has surpassed two million customers.

The company also reported a record number of registrations of over 425,000 new customers in December last year.

“Weʼre thrilled to mark the growth of FTA with the addition of another industry leader transforming financial services for the better,” said Penny Lee, chief executive officer, FTA. “Zilch offers alternative credit options providing consumers flexibility without charging interest or fees.”

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