Zilch appoints Microsoft Emea chief Clare Barclay to board

Zilch is signaling a major shift toward high-level technology and artificial intelligence by adding Microsoft's EMEA President, Clare Barclay, to its board. For retailers, this move suggests that Buy Now, Pay Later (BNPL) providers are moving beyond simple payment processing. They are now focusing heavily on using massive data sets and AI to improve how customers shop and pay. Zilch currently serves nearly six million users and operates on an ad-subsidized model. By bringing in a top-tier tech executive, the company aims to scale its platform to compete with traditional credit cards and larger fintech rivals. To a merchant, this means the financing tools you offer in-store or online are becoming more sophisticated. Expect these platforms to offer better consumer insights and smoother integration through enhanced cloud technology. This appointment is a clear indicator that Zilch is preparing for its next phase of growth, likely aiming for an IPO or significant global expansion. Your financing partners are no longer just lenders; they are becoming data-driven tech giants.

Source: Finextra — Lending

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