London BNPL firm Zilch raises additional $50m in Series C extension

Buy Now, Pay Later (BNPL) platform Zilch has secured an additional $ 50 million in an extension of the Series C round.

Zilch Raises An Additional $ 50 Million With Series C Extensions

The total amount raised in that round is now $ 160 million, following the initial $ 110 million raised in November last year, and the company’s value is over $ 2 billion.

With this expansion, Zilch’s total funding will be in excess of $ 460 million in debt and capital, and fintech companies will maintain their reputation.

The additional capital will be used to support the company’s growth, focusing on the US market, which Zirchi recently opened its Miami office and launched with more than 150,000 pre-registered customers.

Last August, Zilch acquired FinTech startup NepFin for a private amount in preparation for its debut in the United States.

The company claims that customers have already benefited from savings and rewards of over $ 55 million by using Zilch instead of expensive credit and debit cards.