At Extreme Investor Network, we are always on the lookout for the latest news in the finance industry. Today, we are excited to share the incredible success story of British fintech firm Zilch.
Zilch recently reported its first-ever month of profit, a significant achievement that sets them apart from their competitors. In just four years since its founding, Zilch has reached profitability, outpacing major players like Klarna and Block in the buy now, pay later space. This impressive feat is a testament to Zilch’s innovative approach to growing their business rather than cutting back like other fintech companies have had to do.
What’s even more remarkable is that Zilch has also surpassed £100 million ($130 million) in annual revenue run rate, doubling from the previous year. This exponential growth is a clear indicator of the company’s success and potential for the future.
One key factor in Zilch’s success is its CEO and co-founder, Philip Belamant, who has steered the company towards profitability through strategic growth initiatives. Belamant’s leadership and vision have been instrumental in Zilch’s rapid rise in the fintech industry.
In addition to its financial milestones, Zilch has also made significant strategic moves, such as appointing former Aviva CEO Mark Wilson to its board. Wilson’s expertise and leadership will undoubtedly contribute to Zilch’s continued success and growth trajectory.
Looking ahead, Zilch has ambitious plans for the future, including a potential initial public offering (IPO) within the next 12 to 24 months. The recent $125 million debt financing deal with Deutsche Bank will further fuel Zilch’s growth and expansion plans, setting the stage for even greater success in the years to come.
As a member of Extreme Investor Network, you can stay informed about the latest developments in the finance industry and gain valuable insights into innovative companies like Zilch. Join us on our journey to uncover the next big success story in finance and investing.