Zilch Adds £165 Million in New Debt Facilities, Bringing Total Commitments to £395 Million
Zilch Adds £165 Million in New Debt Facilities, Bringing Total Commitments to £395 Million #
British consumer payments company Zilch has added £165 million in securitisation and corporate debt facilities, bringing its total debt commitments to £395 million. The deal, announced on 11 November 2026, was led by Deutsche Bank and drew participation from two unnamed major global credit funds.
The latest addition follows Zilch’s $176.7 million combined debt-and-equity round in November 2025, which also included an earlier enlargement of its Deutsche Bank-led securitisation line. The new arrangement spans both securitised and corporate debt tranches, the company said, and is intended to meet demand across its payments product range. The enlarged facility gives Zilch theoretical capacity to extend up to £6 billion in annual lending to its customers.
Deutsche Bank has been Zilch’s primary securitisation banking partner since the first facility was arranged in June 2024. The initial £100 million line grew to £150 million in October 2024, with further increases tied to the company’s growth milestones.
Zilch’s most recent statutory filings showed revenues of £147.5 million for the year ending March 2026, a 36 percent increase year-on-year, though losses widened as the firm spent on customer acquisition, brand building, and credit provisioning linked to longer-term loan products. The company also completed the acquisition of Lithuanian fintech Fjord Bank earlier in 2026, obtaining a European banking licence it plans to use for a broader EMEA rollout.
Zilch serves more than six million customers and has been developing an AI-driven payments platform alongside its buy-now-pay-later and debit card products. The company has been reported as targeting a 2027 listing on the London Stock Exchange and describes itself as the UK and EMEA’s fastest-growing fintech unicorn.
The additional debt capacity is intended to support growth in gross merchandise volume as Zilch expands its domestic and European operations ahead of a potential public market debut.
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