Zilch Draws $50 Million More Funding to Buck BNPL Industry Woes

Buy-now-pay-later startup Zilch has raised a further $50 million, upping the total raise for its Series C fundraising to $160 million as it plans bolster US expansion plans.

The London-based fintech, which allows users to pay for goods — including groceries — in installments, has now received total funding of more than $460m, according to a statement Thursday. The raise — which maintained the startup’s $2 billion valuation — comes at a time flagship BNPL provider Klarna is reportedly considering raising fresh funds at a lower valuation.