Financial terms of deal, set to close in the second half of 2026, were not disclosed but the purchase price is $38 million, according to the Financial Times. Launched in 2020, Zilch has captured over five million registered users, matching buy now, pay later payments with personalised rewards, benefits and discounts. Last year, the firm raised over $175 million in debt and equity funding, surpassed $200 million annual revenue and secured a second Financial Conduct Authority payments licence in the UK. Fjord Bank, a profitable and fully regulated challenger bank focusing on online consumer lending and savings, marks the next phase of Zilch’s growth plans, and will enable the business to passport its proposition across Europe whilst broadening its product capabilities ahead of a potential IPO. Philip Belamant, CEO, Zilch, says: “This is a defining moment for Zilch as we build a platform that will power our international expansion...By combining Fjord’s banking capabilities and regulatory footprint with Zilch’s market-leading data, AI capabilities and unique operating model, we can scale a new generation of consumer finance across Europe, just as we have done in the UK.”
By on 2026-01-07 08:00:00
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