Zilch is a virtual Mastercard that combines the best of debit, credit and savings

Financial Services

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Company mission

To create the world’s most empowering way to pay.



HQ Location

Victoria, London, UK


Most candidates hear
back within 2 weeks

69% employee growth in 12 months

Otta's take on Zilch

Theo Margolius headshot

Theo Margolius

COO of Otta

Zilch provides a buy-now-pay-later (BNPL) product that allows customers to purchase their desired items and pay in instalments for them. According to Zilch, its service helps customers save over £350 per year on interest and fees.

Having received consumer credit authorisation from the FCA, Zilch partnered with Mastercard to ensure its users can enjoy the safety provided by the global payments company while shopping online. Its business model involves providing the service for free to customers and charging partner stores a fee for every purchase made with Zilch. If users are not buying from partner stores, Zilch charges users a fee but guarantees that they will know from the beginning exactly how much they need to repay, hence assuring users they will not have to pay hidden fees.

With soaring demand for BNPL services, Zilch's main priority is to capitalise on this opportunity. As part of this initiative, the company has maintained an impressive funding strategy. After a series of successful raises, Zilch is now valued at around $2 billion. This has lent the company considerable weight, helping to accelerate its expansion into new markets such as the US.

Total funding - $280m

Last 2 fundraises

Nov 2021



Jun 2022



Company benefits

  • Company Bonus
  • Income protection - long term injury or illness the company will pay 75% of your base salary for up to 5 years
  • Pension scheme, 5% employee contribution and 3% employer contribution
  • 26 days holiday
  • Family friendly policy
  • Maternity - 6 months full pay and return to work bonus
  • Paternity - 6 weeks full pay
  • Enhanced Shared Parental Leave Pay and return to work bonus
  • Enhanced Adoption Pay and return to work bonus
  • Death in Service - 3x your annual basic salary up to £550k - complete expression of wish form
  • Private medical insurance
  • Specialist referrals
  • Counselling / Talking Therapy / CBT
  • Dental
  • Optical
  • Physiotherapy / osteopathy
  • Cancer cover
  • Virtual Doctor Online - online GP appointments within 2 hours
  • Gym membership discounts
  • 5% cash back in rewards on Zilch app purchases
  • £200 joining bonus for WFH set up on Zilch app
  • Learning & Development - company support for professional qualifications and learning development
  • Employee assistance programme
  • Legal advice
  • Financial advice (including mortgage advice)
  • Childcare support
  • Relocation advice
  • Lifework perks - online cash back at over 1200 brands, cinema discounts, digital gift cards
  • Flexible working
  • Casual dress code
  • Work related social events
  • Free fruit, snacks and refreshments in the office (and in office barista)
  • Opportunities to work from overseas offices
  • Office breakout zone, including table tennis, pool and comfortable seating


Previously Managing Director & Founder at PBel for 6 years, Executive Director & Founder at Moola Mobile for 8 years and Managing Director - UK at NET1 UEPS Technologies for 2 years.

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