Zilch initially sourced credit for its installment plans and other loans from Goldman Sachs 's private credit arm.
The additional $190 million of credit will become available to Zilch as the firm continues to grow.
Once Zilch has reaches the $315 million maximum funding threshold, it expects to generate nearly $10 billion of GMV by 2026.
The firm reported revenues of £30 million ($38 million) in the 12 months ended March 2023.
Zilch also has an advertising sales network where it provides placements for retailers to promote their wares to consumers.
Persons:
Phil Belamant, Zilch, it's, Goldman Sachs, Philip Belamant, we've, Goldman, Belamant
Organizations:
LONDON, Deutsche Bank, Goldman, CNBC, Apple, Citi