Zilch has increased its securitization and corporate debt facilities by £165 million, bringing total commitments to £395 million as the payments company expands its product offering. Deutsche Bank led the latest financing, with participation from two major credit funds. The facilities will enable Zilch to originate up to £6 billion in lending annually.
The additional capacity supports customer growth and demand for products including Pay Monthly, launched in August 2026. That offering allows qualifying customers to spread purchases over three, six or 12 months.
Zilch is targeting a broader range of spending needs, including larger purchases such as holidays, household appliances and insurance premiums.
Average annual spending per active customer has reached £2,500, while the company’s gross merchandise value run rate has exceeded £3.5 billion.
The financing follows Zilch’s announcement that it surpassed a $300 million annual run rate and recorded two consecutive quarters of adjusted profit before tax in its 2027 financial year.
The company also plans to move into a new London headquarters in spring 2027, more than doubling its office capacity.
Founded in 2018, Zilch combines debit, credit, installments, earned wage access, credit-building features, offers and rewards within its payments platform.
The expanded funding facilities provide more lending capacity as that product mix develops. Management identified access to efficient funding as important to supporting higher transaction volumes and continued growth.
Chief Financial Officer Hugh Courtney said the financing reflects funders’ confidence in Zilch’s underwriting and ability to scale profitably in the United Kingdom.
The company’s strategy is to serve more customer payment needs through the same platform, strengthening engagement as users move between everyday spending and larger purchases.
KEY QUOTES:
“As we continue to grow at significant scale, having access to efficient funding is a key parameter for success. These expanded facilities give us greater capacity to support our customers where they need us, capturing more of the transactions that matter to customers day to day and providing the most rewarding ways to pay. By serving a broader range of customer needs, we can continue building a highly engaged customer relationship and delivering the value, flexibility and features that our customers really want.”
Philip Belamant, CEO And Co-Founder Of Zilch
“We are proud of our close partnerships with our funders, led by Deutsche Bank, who continue to support our growth as we scale the business profitably in the UK. The upsizing of the facilities represents a strong endorsement of our underwriting capabilities, product market fit and ability to continue scaling at pace.”
Hugh Courtney, Chief Financial Officer Of Zilch
