London based startup Zilch launches BNPL services in Europe
Date: 14, January 2022 Author: Market Statsville Group
London, UK – 13 January 2022 - The London-based FinTech Zilch is now offering its Buy Now Pay Later (BNPL) services across Europe and their main competitor is Afterpay and Klarna.
Zilch’s partnership with Mastercard has supported this expansion. BNPL allows users to pay at any merchant that accepts Mastercard. Typically, BNPL merchants are offered with the option at checkout on selected retailers’ websites.
“We are excited to continue our work with a partner that shares our values and is committed to addressing the needs of our customers at home and abroad as we are ready to launch Zilch in the USA and EU,” Zilch Founder and CEO of the company said.
The company said its offered card is available in the U.K. and has now reached more than 1.7 million customers in the 15 months, the report stated. Zilch swanked that it reached unicorn status — when a startup is valued at more than $1 billion — in 14 months, with a valuation of $2 billion.
Mastercard’s executive vice president of Market Development in Europe said the expanded relationship with Zilch will increase Mastercard’s offering in Europe, providing consumers more choice on how and when they want to pay.
In addition, the company is further taking part in strategic alliances such as: In August 2021, Zilch acquired NepFin. Zilch has still not disclosed the cost of acquiring NepFin. NepFin accepted the new opportunities that the acquisition will bring. NepFin has "admired Zilch as a successful, fast-growing innovator in the Buy Now Pay Later landscape for some time," This acquisition will help Zilch secure essential licensing, meet regulatory requirements, and enlarge the operational capabilities of its ground team in the US.
Company Overview:
Zilch is a FinTech London-based startup company. It was founded in 2018 and they're headquarter is in Victoria, England. Zilch is offering various services which are Fintech, Payments, Shopping, Retail, Financial Services, and Online Payments. Zilch is currently working in two countries which is United States of America and the United Kingdom. Zilch is having a mission to become the best way to pay overtime, anywhere. Zero-interest. Zero hidden fees. Zero surprises. In the Zilch currently, 200 employees are working.
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