Mayor Francis Suarez welcomed a growing fintech company with headquarters in London to its U.S. headquarters in Miami’s Brickell neighborhood.
Zilch, a buy now, pay later app, has about 30 employees and plans to create about 200 more jobs. To announce the U.S. launch, Suarez stood next to Philip Belamant, the founder and chief executive officer, during a news conference on Tuesday at City Hall.
Belamant said he expects the app launched in the U.K. in 2020 to be popular with shoppers in the U.S.
“They can get deals and discounts when they pay,” Belamant said in his South African accent.
Zilch will be competing with Klarna, Afterpay, and Affirm. The app allows users to shop wherever Mastercard is accepted. Users split payments into four installments over six weeks without fees or late charges. They also earn a 2% instant cashback reward.
“We are in an environment where everything is getting more expensive,” Suarez said about the need for the service amid soaring inflation.
Philip Belamant announced the U.S. launch on Tuesday at Miami City Hall in Coconut Grove.
With over two million customers in the United Kingdom and adding more than 250,000 new users monthly, the company grew fast.
Zilch reported raising $400 million in debt and equity from Goldman Sachs and others — giving it a valuation of over $2 billion at its last Series C funding round.
Zilch partnered with Experian to help users build their credit scores. The jobs in Brickell haven’t been listed yet. They are now searching for a senior credit manager.
Related social media
Continue reading...
Zilch, a buy now, pay later app, has about 30 employees and plans to create about 200 more jobs. To announce the U.S. launch, Suarez stood next to Philip Belamant, the founder and chief executive officer, during a news conference on Tuesday at City Hall.
Belamant said he expects the app launched in the U.K. in 2020 to be popular with shoppers in the U.S.
“They can get deals and discounts when they pay,” Belamant said in his South African accent.
Zilch will be competing with Klarna, Afterpay, and Affirm. The app allows users to shop wherever Mastercard is accepted. Users split payments into four installments over six weeks without fees or late charges. They also earn a 2% instant cashback reward.
“We are in an environment where everything is getting more expensive,” Suarez said about the need for the service amid soaring inflation.
Philip Belamant announced the U.S. launch on Tuesday at Miami City Hall in Coconut Grove.
With over two million customers in the United Kingdom and adding more than 250,000 new users monthly, the company grew fast.
Zilch reported raising $400 million in debt and equity from Goldman Sachs and others — giving it a valuation of over $2 billion at its last Series C funding round.
Zilch partnered with Experian to help users build their credit scores. The jobs in Brickell haven’t been listed yet. They are now searching for a senior credit manager.
Related social media
Continue reading...
