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Zilch Draws $50 Million More Funding to Buck BNPL Industry Woes

  • Buy-now-pay-later firm’s latest fundraising now $160 million
  • Startup hiring, looking at potential acquisitions, CEO says

Buy-now-pay-later startup Zilch has raised a further $50 million, upping the total raise for its Series C fundraising to $160 million as it plans bolster US expansion plans. 

The London-based fintech, which allows users to pay for goods -- including groceries -- in installments, has now received total funding of more than $460m, according to a statement Thursday. The raise -- which maintained the startup’s $2 billion valuation -- comes at a time flagship BNPL provider Klarna is reportedly considering raising fresh funds at a lower valuation