UK buy now, pay later start-up quadruples valuation to $2 billion, plans U.S. expansion
- London-based start-up Zilch has raised $110 million in a round of funding that values it at $2 billion, four times the $500 million it was worth eight months ago.
- Zilch plans to use the fresh cash to launch into the United States. It has set up an office in Miami with about 10 employees working on its U.S. expansion.
- The firm has experienced massive growth amid surging demand for buy now, pay later services like Klarna, Afterpay and Affirm.