Zilch Expands Securitisation Facility to £150M with New Investment from Leading Global Credit Funds and Deutsche Bank
London, 28 October 2024 – Zilch, the fintech disruptor behind the world’s first ad-subsidised payments network (ASPN), has announced a major expansion of its securitisation facility, adding £50 million to reach a total of £150 million. This financing round sees fresh backing from two of the world’s largest credit funds, with Deutsche Bank serving as the lead arranger.
The expanded facility will enable Zilch to support £10 billion in annual transactions, further fueling its rapid growth. Just four months after the initial securitisation, this increased commitment reflects a surge in Zilch’s transaction volumes and robust lending activity. The addition of two top-tier credit funds underscores the strength of Zilch’s business model, its sound regulatory foundation, and the high confidence in its growth trajectory.
Philip Belamant, CEO and Co-Founder of Zilch, said:
“Bringing two more leading global credit funds into our securitisation structure not only underscores the increasing confidence in our business model but also provides the financial fuel we need to accelerate growth, meet rising customer demand, and continue expanding our market share. Our capital-efficient model allows every £1 of finance to drive over £25 in sales, positioning us uniquely to deliver shareholder value and extend our offerings through this milestone achievement.”
Hugh Courtney, CFO of Zilch, added:
“We’re fortunate to satisfy the substantial demand for our securitisation as the business scales rapidly. Our strong unit economics and high-engagement model mean this momentum will only increase as we head into 2025 and beyond. By syndicating the facility, we have the headroom to confidently drive forward with our growth strategy.”
This expanded securitisation marks a pivotal moment for Zilch as it scales its innovative financial services for consumers while maintaining a strong regulatory foundation and responsible lending practices.
About Zilch
Zilch’s mission is to eliminate the high costs of consumer credit and create a more equitable financial ecosystem.
As the world’s first direct-to-consumer ad-subsidised payments network (ASPN), Zilch combines debit, credit, and savings features in one platform. The company’s innovative, first-party data model enables it to provide unmatched value to both customers and marketers. Zilch allows consumers to earn cashback on debit purchases or spread credit payments over time—all interest-free—while helping build credit profiles with leading credit bureaus.
Founded by Philip Belamant, Sean O’Connor, and Serge Belamant, Zilch has achieved remarkable growth since its 2020 launch, amassing over 4 million users and achieving profitability within 44 months. In 2024, the company reported a $130 million revenue run rate, positioning it among Europe’s fintech leaders.
In 2023, Zilch introduced ASPN, enabling merchants to connect instantly with high-intent customers, and struck a pioneering agreement with UK credit reference agencies, allowing all adults to build credit without revolving debt. Regulated by the FCA since its launch, Zilch continues to redefine the fintech landscape, supporting millions of users in budgeting and financial management.
