Zilch doubles customers to 2 million in six months

Zilch, founded in July 2018, said internal data showed it acquired more than 425,000 new customers in December alone, helping it reach the 2 million mark.

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Philip Belamant/ Zilch

Zilch, the direct-to-consumer buy now, pay later provider, says it has topped the 2 million customer mark in just over three and a half years.

Founded in July 2018, Zilch said internal data showed it bagged more than 425,000 new customers in December, helping it reach the 2 million mark.

The UK fintech said it hit the number just six months after reaching the 1 million customer mark.

It claims to have reached 2m customers faster than Revolut and N26.

The internal data, which has not been independently verified, also showed that customers are using their Zilch card on average eight times a month and that 40 per cent of its daily sales are now processed through its Tap & Pay payment feature.

Last year, Zilch closed a $110m Series C funding round, pushing its valuation to more than $2bn and making it the fastest European company to become a unicorn from its Series A round. 

The founders saw their stake in the buy now, pay later firm reach a combined $1bn following its latest funding round.

Headquartered in London, the company was one of the first 'buy now, pay later' providers in the UK to receive a consumer credit license from the FCA and secured a lending license in California earlier this year. 

Philip Belamant, CEO and co-founder, at Zilch: “We’re working day and night to create the most ubiquitous payment product the world has ever seen. Offering our customers the most convenient and responsible way to purchase anything, anywhere.”

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Philip Belamant

Founder and CEO