Zilch Raises €150 M To Fuel Growth As A Leading UK And EMEA FinTech

The funding will support brand growth through marketing, product development, platform improvements, and potential strategic M&A opportunities.

The round was led by KKCG, with participation from BNF Capital and other strategic investors. It also includes the expansion of its securitisation led by Deutsche Bank.

“In just five years, we have rewired the relationship between brands and their customers, offering a different way to pay that brings mass benefits to both consumers and merchants,” said Philip Belamant, CEO and co-founder of Zilch. “This funding reflects strong confidence in our team, strategy and execution, enabling us to continue scaling at pace. Our newly launched products are already driving outsized growth, and with the support of a world-class group of debt and equity investors, we’re well positioned for the next phase of expansion.”

EU-Startups has tracked multiple funding rounds across Europe’s payments sector. Recent highlights include London’s Navro (€36M Series B) for its payments-curation platform, Berlin’s Payrails (€27.7M Series A) for enterprise payment software, and Cologne’s Aufinity Group (€23M) for automotive payment solutions.

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Early-stage activity includes Due (€6.3M Seed extension) for borderless payments and Bulgaria-based Paypercut (€2M pre-Seed) for SME BNPL infrastructure. Larger deals, such as London’s Fnality (€115M Series C) for wholesale payments and Amsterdam’s Factris (€100M facility) for SME invoice financing, show the sector’s scale.

With roughly €310M in total 2025 funding, Zilch’s €150M raise ranks among the largest. As a London-based company, Zilch reflects ongoing investor interest in UK payments infrastructure and consumer fintech.

“In a market where many have found raising capital difficult, the network and strategic leadership of my co-founder, Sean O’Connor, have been instrumental in helping us achieve this outcome and we are excited for the year ahead,” adds Belamant.

Launched in 2020, Zilch aims to eliminate high-cost credit by offering a flexible, rewarding payments experience. With over 5 million registered users, the platform connects consumers with retailers and brands, helping businesses acquire customers efficiently while delivering personalised rewards, benefits and discounts.

Hugh Courtney, Chief Financial Officer added: “Our ability to attract world-class investors at a time when many remain highly selective in their capital deployment is testament to the strength of the business we are building. Future-proof innovation, diversified revenue streams and a highly engaged customer base are all critical factors in our rapid growth and we look forward to working with our shareholders to build on these successes, eliminate high-cost credit and rewire the economics of commerce.”

Zilch has grown to over 5.3 million customers, with many using the platform nearly 60 times per year and its most active users daily. The platform connects shoppers to thousands of retailers and brands, including Amazon, eBay, Tesco, and Sports Direct, helping these merchants attract customers more efficiently and boost sales. To date, Zilch has processed over €4.3 billion (£5 billion) in transactions.

Karel Komarek Jr., CEO of KKCG US Advisory commented: “KKCG is all about finding new solutions in established industries and creating sustainable value. Zilch’s impressive track record demonstrates that its approach to using technology to challenge the status quo and re-engineer the credit landscape delivers exceptional value for consumers and businesses. We’re looking forward to being part of this exciting next stage of their journey.”

EU-Startups has covered Zilch multiple times in earlier years, documenting its progression through successive funding rounds. In 2021 we reported Zilch’s €66.7 million raise to advance its Buy Now, Pay Later model, followed a few months later by news of a further €93.4 million secured for continued expansion. Later that year, EU-Startups also covered Zilch becoming what it termed Europe’s fastest “double unicorn” after its €95 million Series C. In 2022, we reported an additional €47.9 million raised to support the continued development of its BNPL infrastructure.

About Zilch

Zilch is on a mission to eliminate high-cost consumer credit for good. The platform delivers a flexible, rewarding way to pay for anything, anywhere, empowering consumers with smarter spending options while connecting them to thousands of retailers and brands for personalised rewards, benefits and a seamless shopping experience.