The wider buy-now-pay-later sector is under scrutiny as companies are not regulated, and failing to make payments could hurt consumers' credit scores. Unlike Klarna and others which are integrated into the retailer, Zilch connects to a user's account through open banking to extend credit. The company raised the funding from Gauss Ventures and Simon Nixon (the cofounder of Moneysupermarket.com) in just three weeks.

https://startuparound.com/read/1608103206.564981/Buy-now-pay-later-startup-Zilch-raises-$30-million-from-investors-in-3-weeks-even-as-the-sector-draws-scrutiny