Zilch, a company that claims to be the fastest-growing Fintech in the UK, says it has topped 5 million users while generating £750 million in savings for consumers. The company points out that it currently serves one in every seven UK working adults, or 15% of 34 million adults in the UK. Zilch reports that it is adding over 100,000 new customers every month.
Zilch adds that it is not profitable on a quarterly basis.
Philip Belamant, co-Founder and CEO of Zilch, said that in the past 12 months they have experienced significant momentum and in the five years of operation they have saved users “over £750 million in fees and interest, never charged a late fee, hit quarterly profitability, and driven over £4 billion in sales for brands – all while cutting their advertising costs by 50% and converting 10-20x better than Google and Meta.”
Belamant claims that Zilch is reinventing credit from the ground up.
“By using the latest AI technology, we’re not just underwriting smarter, we’re helping brands deliver real-time, personalised offers at scale. And with every payment, we’re turning advertising revenue into something meaningful: lower costs and better rewards for our customers. It’s a smarter, more human way to do credit and drive commerce.”
