Payments platform, Zilch, has raised over $176.7million in its latest funding round to fuel innovation and platform enhancements while increasing its brand visibility and reach.

The investment follows the recent launch of Zilch’s AI-powered platform, Intelligent Commerce, which transforms live engagement data into real-time insights for merchants. It also comes after the payments provider announced it would launch Zilch Pay, earmarked to go live in H1 2026, to broaden its share of consumers’ wallets and enhance CX for shoppers with one click payments.

“We have rewired the relationship between brands and customers, offering a different way to pay that brings mass benefits to both consumers and merchants.” said Philip Belamant, CEO and Co-Founder of Zilch. “Our newly launched products are already driving outsized growth, and with the support of a world-class group of investors, we’re well positioned for the next phase of expansion.”

The funding will support Zilch in driving greater brand visibility through increased above-the-line (ATL) marketing spend, further product development and platform enhancement, as well as the exploration of strategic M&A opportunities.

“Future-proof innovation, diversified revenue streams and a highly engaged customer base are all critical factors in our rapid growth and we look forward to working with our shareholders to build on these successes, eliminate high-cost credit and rewire the economics of commerce,” said Zilch’s CFO, Hugh Courtney.

“Zilch’s approach to using technology to challenge the status quo and re-engineer the credit landscape delivers exceptional value for consumers and businesses,” commented Karel Komarek Jr., CEO of KKCG US Advisory, which led the funding round.

Earlier this year, Zilch partnered with Visa to launch its first physical card to offer flexibility to shoppers, while tapping into customers’ in-store spending to drive more transactions.