‘Buy now pay later’ firm Zilch gets backing from Daily Mail-owner

zilch mail firm pay round
Middle East

‘Buy now pay later’ firm Zilch gets backing from Daily Mail-owner

One of the biggest players in Britain’s fast-growing ‘buy now pay later’ finance sector will announce on Friday that it has secured funding from Goldman Sachs and the owner of the Daily Mail.Sky News has learnt that Zilch has struck a deal to raise $110m (£80m) in debt and equity from Goldman's asset management arm's private credit team and DMG Ventures, a division of Daily Mail & General Trust (DMGT). The fundraising is an extension of Zilch's Series B round, announced in April, and will take the overall size of the round to more than $200m, according to insiders.Its increased capital injection reflects soaring demand for BNPL products during a period of growing regulatory scrutiny.Zilch is expected to use the additional funding to continue building its brand profile and expanding into the US - a key target market. The industry's biggest player,