In brief: Zilch wants to buy a European banking license

The unicorn specialist British BNPL Zilch has positioned itself to acquire Fjord Bank operating in Lithuania to accelerate its European expansion. This strategic operation would enable it to obtain a European banking licence and thus ensure its international deployment.

Zilch has just announced its intention to acquire Fjord Bank (which has approximately 120 million dollars of assets in Lithuania) to benefit from its European banking license and rapidly expand its offer across Europe. This operation will enable Zilch to establish in Europe with Lithuania (Vilnius) as its headquarters, facilitating the rapid deployment of its financial services on the continent.

Digital bank launched in 2021, Fjord Bank is profitable and recognized for its online consumer credit and savings solutions. Its acquisition by Zilch aims to combine Fjord's regulatory and banking expertise with Zilch's technology, data and AI, in order to launch a new generation of financial services in Europe.

The transaction is expected to be finalized in the second half of 2026, after the required authorisations.

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