Zilch: BNPL fintech startup raises fresh VC funding without pitch deck - Business Insider

, and new startups have sprung up to disrupt the model again. To that effect, London-based Zilch has just raised its second funding round of 2020, a $30 million Series B.

Customers can use a Mastercard-linked payment card to purchase items in installments at a chosen retailer. Unlike Klarna and others which are integrated into the retailer, Zilch connects to a user's account through open banking to extend credit. "There's a disconnect between the incumbents and the end-consumer because companies like Klarna are effectively merchant-acquiring businesses," he said. "That misalignment is why we've built Zilch the way we have, as a customer there could be five separate point-of-sale providers on a website which is confusing."

Believe it or not the sector has always drawn scrutiny. Something about people paying 20% more for items they already can’t afford at its MSRP.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Inside the IPO frenzy: what top capital markets lawyers are saying - Business Insider5 top capital-markets lawyers take us inside 2020's IPO frenzy: Here's how they're raking in millions on the hottest public debuts of the year — and what they think 2021 will look like
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Inside Amazon Care, the tech giant's bet on primary care - Business InsiderAmazon is quietly building a business to offer medical care to major companies. Here's an inside look at Amazon Care. Unionize the Amazon workers.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

An inside look at Amazon Care's ambitions - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. unionize amazon workers, socialize healthcare. JeffBezos A preview of Trump's Space program? 😷Speechless!
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Inside the SolarWinds cyberattacks – FireEye leader explains discovery - Business InsiderInside the discovery of the massive SolarWinds cyberattacks: FireEye's top expert explains how his team found a 'needle in a haystack of needles'
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

What it's like inside a Pakistani soccer ball factory in Sialkot - Business InsiderAlmost 70% of the world's soccer balls are made in one city in Pakistan — here's what it's like inside one of the factories Bendita esa ciudad I’m still smiling! it’s been so beneficial trying someone new. The step take couldn’t be much better. So glad I came across lisaMakT
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Inside Michelob's pandemic marketing strategy that's boosted sales - Business InsiderMichelob Ultra's sales have soared even as people ditch beer. Here's how the brand has catered to health-focused consumers in the pandemic. 90% of news about covid and trump
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »