Zilch joins the Financial Technology Association ahead of its U.S. launch

By Leandra Monteiro

The Financial Technology Association (FTA) welcomed FinTech double unicorn and London-based Buy Now Pay Later provider Zilch as its newest member. The addition of Zilch brings FTAʼs total membership to 20 technology-based financial services companies, from modern payments providers and lending platforms to personal finance apps, AI/ML innovators, and more.

“Weʼre thrilled to mark the growth of FTA with the addition of another industry leader transforming financial services for the better,” said Penny Lee, Chief Executive Officer of FTA. “Zilch offers alternative credit options providing consumers flexibility without charging interest or fees.”

“Zilch was one of the first BNPL providers in the UK to be regulated as financial health is built into the core of our business model. With this in mind, we are excited to be working with the Financial Technology Association as a voice for us and the industry at large in Washington,” said Philip Belamant, CEO and Co-Founder of Zilch. “This is such a crucial time, with economic volatility creating a cost of living crisis, consumers need access to innovative options to pay and awareness of better alternatives for more responsible spending and lending. Weʼre excited to partner with like-minded fintech companies to advocate for modernized financial policies that enable responsible, consumer-friendly innovation.”

Zilch is transforming credit and payment services and recently surpassed two million users in just 18 months. It created BNPL 2.0, partnering directly with people to offer a BNPL option at up to 40 million locations, or anywhere Mastercard is accepted. Zilch enables its customers the option to either Pay in 1 and earn instant rewards or Pay in 4 over six weeks with zero interest and zero fees.