British specialty finance and buy-now-pay-later firm Zilch has secured $125 million in debt financing from Deutsche Bank to triple its sales over the next few years and accelerate its path to an IPO. The funding is structured as a securitization and allows Zilch to access up to $315 million in total credit, enhancing its ability to offer flexible, interest-free installment payment plans. CEO, Philip Belamant highlighted that the funding will help the company on its target path to IPO within 12 to 24 months, and achieve nearly $10 billion in gross merchandise value (GMV) by 2026.

Klarna Rival Zilch Raises $125 Million with Aim to Triple Sales and Accelerate Path to IPO