Zilch Raises Over $175 Million to Accelerate Growth

Zilch Raises Over $175 Million to Accelerate Growth
Zilch Raises Over $175 Million to Accelerate Growth

Hey FinTech Fanatic!

Zilch has secured over $175 million in debt and equity in a round led by KKCG with participation from BNF Capital and other strategic investors.

The raise also expands its securitization facility with Deutsche Bank, according to the company’s latest announcement.

The funding follows the launch of two major products. Intelligent Commerce, an AI-powered insights engine, is already one of the company’s fastest-growing revenue streams. And Zilch Pay, set to debut in H1 2026, will introduce a one-click checkout experience designed to capture a larger share of consumer spending.

With the new capital, Zilch plans to scale brand visibility, increase ATL marketing, accelerate product development, upgrade its platform, and explore strategic M&A opportunities.

The company has now surpassed 5.3 million customers and processed over £5 billion in commerce since launching in 2020.

Earlier this year, Zilch also signaled interest in acquisitions as part of its pre-IPO strategy, a direction reinforced by today’s raise.

Scroll down for more FinTech stories shaping the day, and I'll be back in your inbox next week!

Cheers,

Marcel


#FINTECHREPORT 

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Singapore FinTech Market Map 2025

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🇧🇷 TMB has just received authorization from the Central Bank to operate as a Direct Credit Society. The new structure allows the company to expand its offering of credit, receivables financing, credit cards, and integrated collection systems, which reduce default rates and create cash flow predictability for digital product creators.


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PAYMENTS NEWS

🇺🇸 Cash App introduces new banking, bitcoin, commerce, and peer-to-peer features, along with an early look at upcoming AI and automation capabilities. Cash App has rolled out 11 product updates and made more than 150 improvements to meet the way that millions of people earn, manage, and share money.

🇳🇴 Klarna expands its collaboration with Nordic Swish rivals, Vipps and Mobilepay, by becoming a payment option in their apps. Stores that already accept payments via Norwegian Vipps or Danish Mobilepay will automatically receive support for Klarna payments. 

🌍 BLIK has introduced a pilot program to integrate BLIK with other European mobile payment systems. The program allows users to receive mobile money transfers in euros from European partner systems. The pilot phase will include several partner payment systems, starting with Portugal’s MB WAY and later including Spain’s Bizum, Italy’s Bancomat, and Scandinavia’s Vipps. 

🇬🇧 Paysafe incurs a net loss of $87.7M in Q3 2025, compared to $13.0 million in the prior year period, mainly due to a charge to income tax expense of $81.2 million related to the recognition of an additional valuation allowance against the company’s U.S. deferred tax assets due to the enactment of the One Big Beautiful Bill Act in July 2025.

🇺🇸 PPRO maps LATAM payments for U.S. merchants. Therese Hudak, VP of Commercial for the Americas at PPRO, explained that LATAM is a $633 billion market with rapid e-commerce expansion, driven by both rising consumer demand and the increasing volume of U.S. exports into the region.

🇳🇱 Finom has introduced outgoing iDEAL payments for its Dutch customers, allowing businesses in the Netherlands to make fast, secure payments directly from their Finom accounts. Users can now complete iDEAL transactions by scanning a QR code in the Finom app or selecting Finom at checkout.

🇲🇽 PayPal Payments Mexico is authorized to operate as an Electronic Payment Funds Institution. With this authorization, PayPal is allowed to issue electronic payment funds, open electronic accounts for users, enable transfers between users, and provide cards or other payment methods linked to a user’s electronic balance.


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REGTECH NEWS

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🇸🇬 Singapore and UK regulators launch AI finance partnership. The agreement sets out provisions for AI solution providers in Singapore and the UK to operate across both regulatory environments. It also outlines plans for financial institutions in both countries to engage in collaboration and share information related to AI technologies.


DIGITAL BANKING NEWS

🇿🇦 Discovery Bank announces crypto trading with Luno, new AI security and service features, motor insurance, and new rewards partners, including MultiChoice. With this partnership, Discovery Bank clients will be able to track balances and transactions in real-time, transfer funds instantly with no fees, and trade in more than 50 crypto assets.

🇧🇷 C6 Bank users can now make multiple Pix payments with the help of AI. The customer needs to provide the amounts and payment method keys, confirming the data afterward. It is also possible to share this information via an image. According to the bank, the new feature is already available for individuals and businesses.


BLOCKCHAIN/CRYPTO NEWS

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🇺🇸 Circle explores native token for Arc network as Q3 shows sharp growth in USDC supply, profits. USDC’s issuer posted $740 million in total revenue and $214 million in net income, while lifting its 2025 “other revenue” outlook to as much as $100 million.

🇸🇬 Thunes launches Account Top Up and Withdrawal solutions for digital asset platforms. The solutions aim to connect seamlessly with traditional finance and scale globally. It gives leading exchanges, infrastructure providers, networks, and issuers the ability to enable instant, compliant on and off-ramps for their end-users in their local payment methods and currencies.

🇬🇧 Sui Network introduces a native stablecoin for payments and DeFi with Bridge. USDsui aims to power e-commerce, gaming, and AI-driven transactions with enhanced stability and broader Stripe integration on the Sui blockchain. It is engineered to be GENIUS-ready, enabling seamless compatibility with advanced features.

🇺🇸 MoonPay launches enterprise stablecoin services, integrates with M0, and Appoints Zach Kwartler as Head of Stablecoins to lead this initiative. The integration enables MoonPay to issue and manage fully reserved digital dollars across multiple blockchains, giving enterprises the tools to deploy customized and interoperable stablecoins at scale.

🇸🇬 Singapore launches tokenized bill trial with CBDC settlements. These bills will be settled using central bank digital currency (CBDC) and aim to test the viability of tokenization in real-world applications. The trial will involve primary dealers, with more details set to be released in 2026.

🇵🇹 Mercado Bitcoin commits €50 million to Portugal expansion for Europe–Brazil corridor. The investment will be directed toward developing new digital asset products, advancing technology infrastructure, and facilitating the seamless movement of capital between European and Brazilian markets.


PARTNERSHIPS

🇸🇬 Mastercard and Thunes bring stablecoin payouts to the mainstream. Through this strategic collaboration, Mastercard Move will facilitate near real-time payouts to stablecoin wallets via Thunes’ Direct Global Network, harnessing the speed, liquidity, and 24/7 availability of regulated stablecoins.

🇮🇳 PhonePe partners with OpenAI to integrate AI features. The alliance aims to expand the reach of advanced AI technology to a broad user base in India. The company stated that new use cases for AI are expected to emerge as adoption of these services grows across the country.

🇧🇷 Spreedly expands access to Brazil's $378 billion e-commerce market via Pix Automático and NuPay in partnership with EBANX. Through its partnership with EBANX, it enables merchants to sell products and services to Brazilian customers using credit and debit cards, Pix for single transactions, MercadoPago for e-wallets, and Boleto Bancário for cash-based methods.

🇦🇪 NEO PAY partners with Biz2X-AI platform to launch embedded SME financing in the UAE. The partnership will create a marketplace for lenders and borrowers, enabling real-time credit decisioning, tailored financing, and accelerated loan disbursement, all directly embedded within NEO PAY’s platform.

🌍 Eurobank and Fairfax Digital launch new project with EY and Microsoft to accelerate agentic AI in banking. Eurobank is launching a next-generation AI factory, a scalable platform built on EY.ai’s agentic architecture and powered by NVIDIA-accelerated computing, designed to unify data, automate processes, and enable faster, smarter decision-making.

🇧🇷 Enfuce enters Latin America with Swile benefits card partnership. The partnership brings digital employee benefits to Brazil's largely paper-based voucher market. The card operates physical retail locations and online environments, and provides real-time balance tracking and transaction history.

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🌍 Viber Pay partners with Paynetics to scale across 7 markets, working toward its super app strategy. By integrating Paynetics’ infrastructure, Viber can offer financial-grade security and cross-border operability without altering the app’s core user experience.


DONEDEAL FUNDING NEWS

🇬🇧 Zilch raises over $175 million to accelerate growth. The funds will be invested in driving greater brand visibility through increased above-the-line (ATL) marketing spend, further product development and platform enhancement, and the exploration of strategic M&A opportunities.

🇬🇧 Avalara secures $500m BlackRock investment. For over 20 years, Avalara has built one of the largest tax content libraries in the industry, serving 43,000+ businesses and government entities in more than 75 countries. Read more


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🇧🇷 PagBank profits R$571 million in Q3 and appoints Carlos Mauad as new CEO. Also, the company announced that Gustavo Sechin will be its new CFO, a transition that is part of a carefully planned succession process underway since 2024. Keep reading


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