Zilch, which is a Buy-Now, Pay-Later startup based in London, has raised $110 million in a round of funding valued at $2 billion. The BNPL market is growing rapidly. If you need more information concerning the expansion of Zilch and CutPay Merchant Services, you’re at the right place.
Buy-Now, Pay-Later Startup Zilch Expanding
Buy-Now, Pay-Later services have already attracted millions of consumers, especially those among Gen Z. The acceleration of eCommerce during COVID-19 has largely contributed to the popularity of this payment service. BNPL allows consumers to buy products and pay for them by splitting the cost over months, often without any interest.
Zilch isn’t the only company having experienced huge growth while there is surging demand for BNPL services. The same is also true of Klarna, Afterpay, and Affirm. Now, Zilch is working on expanding to the US. The firm has already launched its services in Miami.
Overall, Buy-Now, Pay-Later startups have been growing around the globe. As you may already know, fintech giant Square has announced its plans to purchase Afterpay for $29 billion, and PayPal is purchasing Japanese Paidy for $2.7 billion.
BNPL Services On the Rise: CutPay Merchant Services
Millions of consumers worldwide are using Buy-Now, Pay-Later service for making purchases. The market represented 2.1% of the overall global eCommerce transactions. This was about $97 billion in 2020, as Worldpay data revealed.
With the payments industry changing and evolving rapidly, you should work only with reputable payment experts to take your business to the next level without failure. Consider turning to a respectable payments-comparison specialist in the UK that can help you find the right merchant services based on an unbiased review of companies. This is how you can get help with CutPay Merchant Services, or any other merchant-processing service in the country.
UK Buy-Now, Pay-Later Startup Zilch Quadruples Valuation
The Buy-Now, Pay-Later field is one of the hottest fintech verticals. In Britain, startup Zilch is expanding its services to the US. The firm has raised $110 million in a new round of funding. To use advanced, low-cost, and secure merchant-processing services, work with a true payment expert in the UK.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of payment-processing services, including CutPay Merchant Services. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.