Prior to launching in the United States, Zilch, a London-based fintech, joined the Financial Technology Association (FTA) to encourage ethical innovation. 

When a transaction is complete, Zilch makes consumer credit judgments using open banking, corporate social responsibility, and behavioral data technology. Additionally, the fintech business was one of the first regulated buy-now-pay-later (BNPL) providers in the United Kingdom, with an emphasis on financial wellness and education. 

Zilch joins 20 other fintechs at the FTA after developing BNPL 2.0 and creating partnerships to offer this service in up to 40 million locations or anywhere Mastercard is accepted. Pay in full and earn instant benefits, or pay in four equal payments over six weeks with no interest or fees. 

Earlier this year, in a comment letter to the Consumer Financial Protection Bureau, the FTA's BNPL members expressed their commitment to ensuring access to responsible payment options. Zilch was one of the first BNPL providers to be licensed in the UK, as financial health is ingrained in our business strategy. As such, we are thrilled that the Financial Technology Association will represent us and the financial technology sector in Washington. 

Belamant continues:

“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. We’re excited to partner with like-minded fintech companies to advocate for modernized financial policies that enable responsible, consumer-friendly innovation.”