Zilch bnpl is a buy-now-pay-later platform that provides a distinctive payment system. In the midst of receiving a tremendous amount of sign ups, the company just closed a new round of funding due to its rise in popularity amongst residents in the United Kingdom. The company proclaims that it will use this new founding round to provide their services in the form of a physical card.
Here at Zilch HQ we’re so excited that our team is growing again! Get your foam fingers at the ready and slide into our DMs for the opportunity of a lifetime 🚀https://t.co/lwQNRCubxi
— Zilch (@PayZilch) April 1, 2021
Described by financial experts as being the ‘next shopping revolution’, the company provides a virtual card that as a 0% interest rate. Users are able to use this virtual card at online shopping retailers who accept Mastercard payments. But, what makes Zilch so unique is that users are able to buy items upfront, by just paying 25% of the total amount.
After that, they are able to pay off the remaining balance over a period of six weeks. The company proclaims that it is in process of providing in-store shopping solutions as well.
The creators of Zilch’s growing business, are described as being highly influential in the financial sector and serial entrepreneurs who have built large companies which have been listed in the Nasdaq and on Forbes’s list of top 100 companies.
Chairman Serge Belamant and CEO Philip Belamont, utilized their technological expertise in the financial sector to provide a unique platform. The concept of Zilch was made possible as a result of the strategic partnership between Zilch and Mastercard. The alliance enables customers to use Zilch’s virtual card at every online retailer that already accepts Mastercard payments.
