Zilch surpasses 2m customers

London-based FinTech Zilch – which says it’s Europe’s fastest-ever company to go from Series A to unicorn status – has 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.

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.

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

In January the company announced it was expanding 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.

“We’re working day and night to create the most ubiquitous payment product the world has ever seen,” said Philip Belamant, chief executive and co-founder, Zilch. “Offering our customers the most convenient and responsible way to purchase anything, anywhere.

“Customers can pay in 1 and earn cashback, using that cash back to discount future purchases or pay over time in 4, with zero-interest credit. Never before in the history of payments have we seen so much value created for customers each and every time they transact, this is why we see Zilch resonating deeply with customers.”

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