London-based payments platform Zilch has raised more than €150 million ($175 million) in a new mix of debt and equity funding, positioning the company to scale aggressively across the UK and EMEA.
The round—led by KKCG with participation from BNF Capital and other strategic backers—also includes an expansion of Zilch’s securitisation programme in partnership with Deutsche Bank.
CEO and co-founder Philip Belamant said the raise underscores strong investor confidence:
“In just five years, we’ve rewired how brands and customers interact, offering a better way to pay that benefits both consumers and merchants. This funding enables us to continue scaling at speed. Our newly launched products are already fueling outsized growth, and with world-class investors behind us, we’re ready for the next phase.”
A Standout Year for European Payments Funding
Across Europe, fintech funding has remained active in 2025. Notable rounds include:
- Navro (London) – €36M Series B
- Payrails (Berlin) – €27.7M Series A
- Aufinity Group (Cologne) – €23M
- Due – €6.3M Seed extension
- Paypercut (Bulgaria) – €2M pre-Seed
- Fnality (London) – €115M Series C
- Factris (Amsterdam) – €100M debt facility
With an estimated €310 million flowing into the sector this year, Zilch’s €150M raise is one of the largest, reaffirming London’s role as a powerhouse in payments and consumer fintech.
Belamant added:
“In a market where many have struggled to raise capital, the network and strategic leadership of my co-founder Sean O’Connor have been instrumental in helping us achieve this milestone.”
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Scaling a High-Growth Consumer Payments Platform
Founded in 2020, Zilch aims to eliminate high-cost credit by offering flexible payments combined with rewards and personalised benefits. The platform now counts over 5.3 million users, with many transacting nearly 60 times per year, and its most active customers engaging daily.
Shoppers can use Zilch across thousands of leading retailers—including Amazon, eBay, Tesco, and Sports Direct—helping brands acquire customers more efficiently while rewarding consumers with discounts and tailored offers.
To date, Zilch has processed more than €4.3 billion (£5B) in transactions.
CFO Hugh Courtney highlighted the strength of the company’s fundamentals:
“Attracting top-tier investors at a time of selective deployment reflects the strength of our business. Diversified revenues, future-proof innovation and an engaged customer base are core drivers of our rapid growth.”
Investor Endorsement
Karel Komarek Jr., CEO at KKCG US Advisory, said:
“Zilch is redefining credit with technology that challenges the status quo. Its track record shows immense value for both consumers and businesses. We’re excited to support the next chapter.”
A Multi-Year Funding Journey
EU-Startups has followed Zilch’s rise closely, reporting key milestones including:
- €66.7M raise in early 2021
- €93.4M later in 2021
- €95M Series C, achieving “double unicorn” status the same year
- €47.9M raised in 2022 to enhance BNPL infrastructure
The new €150M injection marks another major step in Zilch’s evolution.
About Zilch
Zilch is on a mission to eliminate high-cost consumer credit. Its platform offers flexible, rewarding payment options for everyday spending, connecting millions of customers to thousands of retailers through personalised benefits, smarter purchasing tools, and a seamless checkout experience.
