Remarkably the ‘buy now, pay later’ provider has achieved this only 13 months since launching out of beta and at a faster pace than seen with many Fintech Unicorns to date.

Not only is Zilch one of the fastest growing ‘buy now, pay later’ (BNPL), the rate and scale reported is an order of magnitude greater relative to the growth journey of BNPL incumbents including the likes of Afterpay and Affirm. Zilch continues to see exponential growth across customer acquisition, payments and operational scale-up from Europe to the US.

Additionally, Zilch can today reveal its customer-centric and merchant-agnostic BNPL product is now used by more customers in a month than the total annual usage of many traditional BNPL providers. Currently achieving between 2-5X the year-on-year growth rate of industry peers, including those in the US, Zilch also recently surpassed $140M in sales.

In line with impressive growth Zilch remains committed to providing customers the ability to manage their cash flow responsibly and is one of the first fully regulated BNPL providers in Europe to make use of Open Banking, soft credit and affordability checks. Zilch recently announced the acquisition of NepFin to accelerate launch in the US, following an extension of Zilch’s Series B, which made it one of the best funded European fintechs at this growth stage.

Philip Belamant, Founder and CEO, at Zilch, “From becoming one of the UK’s first fully regulated ‘buy now, pay later’ providers to becoming a top app in the Apple store - Zilch’s 1 millionth customer is a testament to the unique and customer-centric approach we’ve built from the ground up using the latest technology and regulatory frameworks.

Our commitment to build a trusted, transparent way for customers to manage their cash flow responsibly has seen Zilch recognised as both the highest-rated product of its kind on Trustpilot and now the most frequently used way to BNPL by its customers, who use the platform 4-5 times per month on average.”

Zilch is the first over-the-top (OTT) BNPL product that allows its customers to shop wherever MasterCard is accepted and spread their payment over six weeks for zero interest and zero fees. This direct-to-consumer model allows Zilch to build direct relationships with its customers - Zilch is now the highest-rated product of its kind on Trustpilot - and scale significantly faster than its competitors as it deploys its product via social channels rather than through costly and slow sales teams. Furthermore, its product is not restricted by borders, sales cycles or merchant acquisitions and integrations.

Zilch is built upon responsibility, offers transparency and is the only player in the industry that uses Open Banking technology combined with soft credit checks to gain a real-time view and understanding of the consumer’s affordability profile and make an accurate recommendation of what they can afford, preventing their customers from falling into debt.