London FinTech Zilch has launched a new app feature allowing users to pay for holidays, hotels and flights via a partnership with lastminute.com.
Customers can earn up to 3% back in rewards on their travel bookings or can opt to spread the cost of their trip with interest-free payments over six weeks or three months.
Zilch is leveraging AI to unlock the full potential of four years of first-party consumer data and drive precise, personalised offerings. It says a deep understanding of users’ needs allows it to convert sales better than any online platform.
The FinTech payments innovator of the world’s first ad-subsidised payments network (ASPN), says figures show a 140% YoY growth in travel spending, which is a contributing factor to the production of Zilch Travel.
The news comes four months after Zilch announced the appointment of former Aviva and AIA CEO, Mark Wilson, to its board.
Philip Belamant, CEO and co-founder of Zilch, said: “Partnering with lastminute.com, a pioneer in online travel, marks an exciting step forward as we launch Zilch Travel. In 2025, travel is no longer a luxury – it’s a professional and family priority.
“Zilch Travel is designed to give our customers what they’ve been asking for, three years into an unprecedented cost-of-living squeeze: the convenience, security, and flexibility to design and pay for their trips seamlessly within the regulated app they trust to manage their money.”
Alessandro Petazzi, CEO of lastminute.com, added: “By investing in flexible financial solutions and leveraging our technology to enhance customers’ travel experience, we can unlock a world of possibilities for holidaymakers.
“We’re delighted to partner with one of the UK’s leading fintech companies by powering their new Zilch Travel service.”