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Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO - TL;DR CNBC

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

Publishing timestamp: 2024-06-19 01:38:53


Summary

British fintech firm Zilch raises $125 million in debt financing from Deutsche Bank to triple sales, move closer to IPO. Deal structured as securitization with flexible terms. Zilch plans to raise more debt from other banks, aiming to go public in next 12 to 24 months. Company expects to generate $3.75 billion of gross sales by 2026.


Sentiment: POSITIVE

Tickers: DBGSAAPL

Keywords: apple incdeutsche bank agtechnologygoldman sachs group incbusiness newsbreaking news: marketsbanksmarketsfintechbreaking news: technology

Source: https://www.cnbc.com/2024/06/19/uk-bnpl-fintech-zilch-raises-125-million-sees-ipo-within-2-years.html


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