Consumer payments platform Zilch has secured $176.7m in the combination of debt and equity financing, to accelerate growth.

KKCG spearheaded the round, with BNF Capital and other strategic investors also participating.

The funding raise includes an expansion of Zilch’s securitisation facility with Deutsche Bank.

According to the company, the capital will be used to increase brand visibility through greater above-the-line marketing expenditure, further development of products and improving platforms, as well as exploring strategic mergers and acquisitions.

This funding announcement comes after the introduction of two significant products by Zilch.

The first product, dubbed Intelligent Commerce, is an AI-powered platform that aims to convert live engagement data into real-time insights for the evolving Agentic Commerce sector.

The second product, Zilch Pay, is anticipated to launch in the first half of 2026 and aims to provide customers with a simplified one-click checkout process.

Zilch co-founder and CEO Philip Belamant said: “In just five years, we have rewired the relationship between brands and their customers, offering a different way to pay that brings mass benefits to both consumers and merchants. This funding reflects strong confidence in our team, strategy and execution, enabling us to continue scaling at pace.

“Our newly launched products are already driving outsized growth, and with the support of a world-class group of debt and equity investors, we’re well positioned for the next phase of expansion. In a market where many have found raising capital difficult, the network and strategic leadership of my co-founder, Sean O’Connor, have been instrumental in helping us achieve this outcome and we are excited for the year ahead.”

Launched in 2020, Zilch describes its mission as eliminating high-cost credit by building a payments platform that benefits consumers and rewards them for their purchasing activity. 

Zilch’s network connects customers with various brands and retailers, including eBay, Tesco, Amazon, and Sports Direct.

Since its launch, the company claims to have processed more than £5bn in transactions.

Zilch chief financial officer Hugh Courtney said: “Our ability to attract world-class investors at a time when many remain highly selective in their capital deployment is testament to the strength of the business we are building.

“Future-proof innovation, diversified revenue streams and a highly engaged customer base are all critical factors in our rapid growth and we look forward to working with our shareholders to build on these successes, eliminate high-cost credit and rewire the economics of commerce.”