Daily Mail and General Trust’s DMG Ventures unit was among the investors in the BNPL service provider’s $110m series B extension, which came after an $80m first close three months ago.
UK-based instalment payment service Zilch has secured $110m in debt and equity financing from investors including publisher Daily Mail and General Trust to increase its series B round to $190m.
The round included debt supplied by investment bank Goldman Sachs’ Asset Management unit’s private credit division, while Daily Mail and General Trust invested through corporate venturing subsidiary DMG Ventures.
Zilch raised $80m in the round’s first tranche in April this year, from backers including Gauss Ventures and M&F Fund, at…
