Zilch is a UK-based buy now, pay later (BNPL) FinTech firm.

The company has raised an additional $50 million dollars, but first of all who comes up with the name Zilch?  

Second, it’s not 100% clear how much of this extension is debt vs equity.  In this environment, taking on a lot of new debt could get expensive very quickly.

Fintech Global: Klarna rival Zilch extends Series C to support growth in the US