BNPL fintech Zilch opens tech hub in Poland

The company is headquartered in the UK and has an office in the US

Zilch, a buy now pay later specialist, has announced the opening of its new technology hub in Krakow, Poland.  

The hub is dedicated to accelerating the development and implementation of innovative features and technologies.  

The tech centre in Poland is Zilch’s third global location. The company is headquartered in London, UK and has an office in Miami, US.  

As more than 30% of Zilch’s software engineers are based in Krakow, the new technology hub is set to expand over the next two years. 

This growth will leverage Poland’s “thriving economy, its renowned business services sector, and a labour market boasting a vast pool highly skilled technology specialists”, the company said.  

Sean Hederman, chief technology officer of Zilch, will lead the team in Krakow. As Zilch expands, it plans to add further technology hubs around the world. 

Founded in 2018, Zilch offers its customers a virtual card with a personalised credit balance. They can use this balance to make purchases at retailers that accept Mastercard and spread the cost across six weeks. 

The fintech recently announced the rollout of its Ad-Subsidised-Payments-Network (ASPN) to third parties through open APIs. 

The proprietary ad-sales platform allows retailers to offer contextualised advertising deals directly to customers through its payment app. And it provides customers with cashback, rewards and interest-free credit. 

Philip Belamant, chief executive officer and co-founder of Zilch, believes the fintech is well-positioned to expand further. 

He commented: “The current global macroeconomic climate has led to a marked increase in financial exclusion for customers and a significant reduction in funding for private firms. 

“This creates an environment where well-funded, economically viable and highly scalable companies like Zilch can leapfrog the competition while delivering immense value to the mass market customer.  

“This strategic step is part of our targeted investment programme into R&D and technology.” 

Image: Canva 

Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.