Fintech
From startup to double unicorn: Zilch’s journey
June 28, 2024
Written by FinTech Alliance
Zilch, founded in 2018 by Philip Belamant, achieved unicorn status in just 14 months and is the fastest growing fintech in Europe.
The company aims to eliminate the high costs of consumer credit through its advertising-subsidized payments network. Zilch offers consumers rewards and interest-free credit, saving them significant amounts in fees. The company has grown rapidly, reaching more than 4 million customers and generating significant Gross Merchandise Value. The key to their success is regulatory compliance, innovative AI technology, and strategic partnerships with companies like AWS and Checkout.com.