Overview
Zilch, a London-based fintech unicorn, has acquired Lithuanian lender Fjord Bank for an undisclosed amount, gaining a European banking license and establishing Lithuania as its European headquarters. This acquisition supports Zilch's expansion plans across Europe, combining Fjord's banking capabilities with Zilch's data and AI strengths. In 2021, Fjord Bank became a profitable challenger bank focused on online consumer lending. Zilch has raised over £130m in funding, surpassed £149m in annual revenue, and has over 5.5 million registered customers.
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Zilch, a London-based fintech unicorn, has acquired Lithuanian lender Fjord Bank for an undisclosed amount, gaining a European banking license and establishing Lithuania as its European headquarters. This acquisition supports Zilch's expansion plans across Europe, combining Fjord's banking capabilities with Zilch's data and AI strengths. In 2021, Fjord Bank became a profitable challenger bank focused on online consumer lending. Zilch has raised over £130m in funding, surpassed £149m in annual revenue, and has over 5.5 million registered customers.
Zilch has secured $175 million in funding to pursue strategic mergers and acquisitions. The company offers innovative financial solutions, addressing payment challenges for consumers. Notable investors were not mentioned, and key metrics such as revenue or user numbers were not provided in the article.