Zilch to acquire Fjord Bank.

Zilch, a UK‑based consumer payments fintech company, agreed to acquire Fjord Bank, a Lithuania-based digital-first bank. Financial terms were not disclosed. “This is a defining moment for Zilch as we build a platform that will power our international expansion. Not only does the deal give us a strong, trusted and fully regulated banking presence in Europe, but it represents a coming together of shared visions. Both businesses have been built on a founding principle of putting customers first and building financial products with the highest standards of protection and transparency. By combining Fjord’s banking capabilities and regulatory footprint with Zilch’s market-leading data, AI capabilities and unique operating model, we can scale a new generation of consumer finance across Europe, just as we have done in the UK,” Philip Belamant, Zilch Co-Founder and CEO.