The UK鈥檚 fastest growing FinTech unicorn company has surpassed 5 million registered customers in under five years.聽
Ad-enabled payments innovator Zilch is currently adding over 100,000 new customers each month.聽
The London-based firm is now in the wallets of nearly 15% of the UK鈥檚 34 million working adult population and has now saved consumers over 拢750m in cumulative savings on interest and fees since its launch less than 5 years ago.
These two milestones come as Zilch continues to see revenues doubling YoY, and has recently broken into quarterly profitability.
鈥淥ver the past 12 months, we鈥檝e seen phenomenal momentum,鈥� said Philip Belamant, co-founder and CEO of Zilch.
鈥淚n five years we鈥檝e saved customers over 拢750m in fees and interest, never charged a late fee, hit quarterly profitability, and driven over 拢4bn in sales for brands – all while cutting their advertising costs by 50% and converting 10-20x better than Google and Meta.
鈥淭oday, Zilch is re-inventing credit from the ground up. By using the latest AI technology, we鈥檙e not just underwriting smarter, we鈥檙e helping brands deliver real-time, personalised offers at scale.聽
鈥淎nd with every payment, we鈥檙e turning advertising revenue into something meaningful: lower costs and better rewards for our customers. It鈥檚 a smarter, more human way to do credit and drive commerce.鈥�
The announcement comes as Zilch launches its largest advertising campaign to date, 鈥渟pend with benefits鈥�, with a multi-city, multi-media takeover which celebrates the brand鈥檚 rapid growth.
Belamant highlighted the importance of customer service and explained how that would be delivered through the advertising campaign.
He added: 鈥淲ith nearly 1 in 7 adults in the UK holding a Zilch account, our customers are telling us they want more than just credit 鈥� they want all the regulatory protections, full transparency, flexibility to spend anywhere and more than anything value whenever they pay.聽
鈥淭hat鈥檚 what Zilch delivers. And now, we鈥檙e telling that story at scale to the whole of the UK in a world-first ad-campaign. Watch this space.鈥�