Thredd has renewed its partnership with Zilch, the ad-subsidised payments network (ASPN). This positive trajectory, coupled with recent product and market expansion, adds further momentum to Thredd’s leadership in modern payments processing.
In February, Thredd noted an atypical early-year uptick in debit and prepaid transactions across several business verticals.
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By GlobalDataSince January 2022, Thredd’s clients in this space have seen transaction volumes grow by 175%
Zilch, one of the world’s fastest-growing BNPL providers and offers consumers repayment optionality combined with cashback and rewards.
Jim McCarthy, Chief Executive Officer at Thredd, said: “2024 continues to build on the robust foundation we established in 2023. Our clients, both new and old, are driving strong transaction growth, through a combination of market expansion and increasingly innovative financial services solutions. The expansion we have seen is a testament to their resilience and the demand for new payments use cases in both B2C and rapidly growing B2B payments.
“Working together with Zilch since their inception, we’ve had the privilege to be a part of their incredible growth. We sincerely appreciate the trust that Zilch has put in Thredd to help them reach more than 10 million monthly payments, and are looking forward to continuing our close working relationship to help Zilch set further growth records. We’ve seen Zilch grow from zero to over 4 million registered users, gain industry-leading utilisation rates where their customers pay on their platform 100 times a year on average and over $3bn in sales using Thredd as a trusted partner”
Philip Belamant, CEO and Co-Founder of Zilch commented: “Thredd has always allowed us to focus on delivering an unparalleled service to our customers. With Jim at the helm as the driving force of their talented team, it gives us confidence that Zilch will continue to have a reliable and secure payments link in the background as we continue in our next phase of rapid growth and roll-out of innovative products for our customers.”
