Zilch has secured about $220 million in additional debt commitments in a Deutsche Bank-led expansion supporting consumer loans lasting as long as 12 months. The company announced on November 11 that its total available securitisation and corporate debt facilities now stand at roughly $526 million.
The London payments app lets shoppers choose between debit spending with rewards and credit repaid in instalments. For credit purchases, Zilch pays merchants at checkout while consumers repay later. Its Pay Monthly option gives eligible customers three, six or 12 months to repay larger purchases, with fees displayed upfront.
Two large credit funds also participated in the expansion. Zilch says the facilities can support up to about $7.98 billion in annual lending. Its annual report disclosed combined facility limits equivalent to about $306 million at March 31. Figures are in US dollars, converted at November 11, 2026 reference rates.
Zilch’s earlier shift toward larger purchases and longer repayment periods also increased credit losses, according to its annual report. For the year ended March 31, loan-impairment charges in cost of sales rose 66% to about $60.5 million, while revenue grew 36%.
More recently, Zilch said it had delivered two consecutive quarters of adjusted profit before tax in its 2027 financial year and reached an annualised revenue run rate of $300 million.
Sky News reported on November 10 that Zilch was selecting investment banks to help it go public, with a flotation possible as early as 2027.