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Zilch Expands Securitisation to £150M with Investment from Major Global Credit Funds with Deutsche Bank
Zilch, the fintech payments innovator of the world’s first ad-subsidised payments network (ASPN), today announces the successful expansion of its securitisation facility by an additional £50 million, bringing the total to £150 million. This latest round includes participation from two of the world’s largest credit funds, alongside lead arranger Deutsche Bank.
The total deal will allow Zilch to support £10 billion in annual commerce and maintain its rapid growth trajectory. This expansion of the facility and an increase in its maximum size just four months after the initial securitisation announcement reflects the acceleration in Zilch’s transaction and lending volumes. Securing the addition of two of the world’s top credit funds is also testament to the strength of Zilch’s lending portfolio and its solid regulatory foundation.
Philip Belamant, CEO and Co-Founder of Zilch, said: “Bringing two more leading global credit funds into our securitisation structure not only underscores the increasing confidence in our business model but also provides the financial fuel and resources we need to accelerate our growth, serve increasing customer demand and continue the dramatic expansion of our wallet and market share. With our uniquely capital-efficient model meaning that every £1 of finance powers over £25 of sales, we’re in an exceptional position to deliver significant shareholder value and expand our offering, thanks to this new milestone achievement.”
Hugh Courtney, Chief Financial Officer of Zilch, said: “We are fortunate to be able to satisfy the pent-up demand for our securitisation as the business has grown at pace through the last six months. Our class-leading unit economics and unique high-engagement business model mean that this growth will accelerate as we head into 2025 and beyond. The syndication of the facility allows us to confidently drive the business forward with the headroom to grow.”
This securitisation facility marks a pivotal moment for Zilch as it continues to scale its operations and provide innovative financial solutions to consumers, while maintaining a commitment to robust regulatory standards.
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