London-based fintech firm Zilch has secured a new loan facility, indicating a preference for debt-driven expansion over equity-led growth.

The Victoria-located company has agreed to a £30m facility with New York's US Bank, as per documents filed at Companies House.

This agreement represents the largest financing deal the fintech has negotiated since its £150m debt facility from Deutsche Bank last year, which was in addition to its £20m Series D funding in 2023.

The terms of the loan have not been disclosed and Zilch has declined to comment.

This agreement follows an increase in the fintech's provisions for losses over the past year due to a surge in demand for buy now, pay later services, as reported by City AM .

The London -based firm increased provisions for credit losses – fund

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