Consumer payments platform Zilch expanded its debt facilities by £165 million. The increase brings the London-based company's total credit commitment to £395 million. Deutsche Bank led the financing round alongside two major credit funds.
Expanded lending capacity
The larger facility allows the fintech company to originate up to £6 billion in annual lending. The funding supports customer growth across the platform. It also provides capital to meet rising demand for newer payment options.
Operating growth and performance
Average annual spending per active customer reached £2,500. Zilch also reported that its gross merchandise value run rate exceeded £3.5 billion. The company achieved two consecutive quarters of adjusted profit before tax in FY27 while passing a US$300 million annual run rate.
Flexible payment options
Zilch launched its Pay Monthly product in August 2026. The service lets qualifying users spread purchase costs across 3, 6, or 12 months. Shoppers use the feature for larger expenses such as household appliances, holidays, and insurance premiums.
Zilch plans to relocate to a new headquarters in London in Spring 2027. The move will more than double the company's existing office capacity. Founded in 2018, the business combines debit, credit, and rewards into an all-in-one payment service.