Key facts
- Zilch's CEO said the fintech is confident it can maintain its $2bn valuation as IPO talks begin.
- Zilch reported full-year revenue of £147.5m for the year ending March 2026, up 36 per cent, per tech.eu.
- Losses widened to £35.8m from £12.5m, tech.eu reported, citing acquisition, brand and credit loss costs.
- Zilch said it reached a $300m annual run rate and two consecutive quarters of adjusted profit before tax.
- Gross merchandise value rose 28 per cent to £2.4bn and active users rose 21 per cent to 970,000, per tech.eu.
- The $2bn valuation dates from a 2021 funding round, tech.eu reported; Zilch is backed by Goldman Sachs and eBay.
The chief executive of Zilch said the UK fintech has confidence in maintaining its $2bn valuation as it begins talks around a public market debut, according to a report that did not date the comments. The CEO is Philip Belamant, according to a tech.eu report dated November 5, 2026.
Zilch reported full-year revenue of £147.5m for the year ending March 2026, up 36 per cent, tech.eu reported. Losses widened to £35.8m from £12.5m, which the report attributed to customer acquisition costs, brand building and an increased credit loss provision as Zilch took on longer-term loans.
Gross merchandise value, the value of goods sold through its platform, rose 28 per cent to £2.4bn, tech.eu reported. Active users increased 21 per cent to 970,000 and average annual spend per active customer rose 6 per cent to £2,500.
Zilch said it reached a $300m annual run rate and delivered two consecutive quarters of adjusted profit before tax. Belamant called FY26 a "foundational year" for Zilch in the tech.eu report.
The $2bn valuation dates from a 2021 funding round, tech.eu reported. Zilch is backed by Goldman Sachs and eBay, according to the report, and makes money through fees and advertiser-subsidised services.