Posted August 16, 2021
There is a lot of consumer interest in Buy Now, Pay Later (BNPL) as lending has grown significantly in recent years. Various surveys suggest the majority of UK consumers aged 18-24 prefer BNPL options over credit cards. As a result, competition in the BNPL space is increasing too. The UK market already exists of global names like Klarna, ClearPay, and also homegrown fintech like Zilch.
Now to cement its leadership position in the market and finally expand its presence into the US, Zilch, London’s leading Buy Now, Pay Later (BNPL) fintech, has announced plans to acquire NepFin. The acquisition announcement comes after securing an additional $110M as a part of the Series B extension last month. This is just the first step in Zilch’s international growth, says the press release.
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