On 7 January 2026, Zilch, the UK and EMEA’s fastest-growing fintech, announced it has signed an agreement to acquire AB Fjord Bank, a Lithuania-based bank that is authorised and regulated by the Bank of Lithuania and the European Central Bank.
Launched in 2021, Fjord Bank is a profitable and fully regulated challenger bank, focusing on online consumer lending and savings products that have built a strong reputation for trust, transparency and digital delivery. Zilch, the London-headquartered consumer payments platform, is backed by leading global firms including AWS, Deutsche Bank and Visa, and has surpassed $200m annual revenue and passed 5.5m registered customers. The acquisition represents a major strategic milestone for Zilch, enabling the business to passport its market-leading proposition across Europe with remarkable capital efficiency, whilst broadening its product capabilities. Zilch will establish Lithuania as its European headquarters, using Vilnius as its operational and regulatory platform for expansion across the region. The transaction is expected to complete in the second half of 2026, subject to regulatory approval.
ABG Sundal Collier is delighted to have had the opportunity to support Fjord Bank in its ownership transition, and would like to thank the company and its owners for partnering with us in connection with this exciting transaction.

Published: 8 Jan, 2026