Klarna challenger Zilch becomes fastest-ever British unicorn November 10, 2021 London-based fintech Zilch has today closed a mammoth $110m Series C funding round and become the UK’s latest billion dollar company in record-breaking time. The round brings Zilch, whose product capitalises on the lucrative Buy Now Pay Later (BNPL) sector but in many ways resembles a credit card, to a $2bn valuation – four times [...]
Treasury mulls buy now pay later crackdown and launches consultation October 21, 2021 A regulatory crackdown on the booming buy now pay later (BNPL) sector is coming into sight after the Treasury launched a consultation on the policy options for the market today. Consumer rights charity Citizens Advice urged the government to swiftly translate the consultation into action, as it warned that BNPL borrowing can “be like quicksand [...]