Z

Zilch

www.payzilch.com link_icon

Market Research Report: Zilch



Company Overview



Name: Zilch

Mission: Born to create the world’s most empowering way to pay, giving customers the freedom to choose.

Founded: 2018

Founders: Philip Belamant (CEO and Co-founder)

Key People: Philip Belamant, Zilch CEO and Co-founder

Headquarters:
  • United States: 1111 Brickell Avenue, Suite 1870, Miami, FL 33131, USA

  • United Kingdom: 111 Buckingham Palace Road, London, SW1W 0SR, United Kingdom


Number of Employees: No information is available

Revenue: No information is available

Known For: Zilch is known for its innovative financial services platform offering Buy-Now-Pay-Later (BNPL) solutions with zero fees, zero interest, and zero credit impact as part of its vision to eliminate the high cost of consumer credit for good.

Products



Product Offerings:
1. Zilch App:
  • High-Level Description: The Zilch app allows users to pay for purchases over time without incurring traditional credit costs.

  • Key Features:

  • Pay over 6 weeks or 3 months with zero interest.

  • "Pay Now" option with up to 5% back in Zilch Rewards.

  • Spend limit that builds over time.

  • Payments tracked and managed via the app.

  • Security through Multi-Factor Verification, Data Encryption, and Payment Authentication.


2. Zilch Card:
  • High-Level Description: A virtual Mastercard that enables users to make purchases online or in-store.

  • Key Features:

  • Can be linked with debit cards.

  • Offers Zilch Rewards when purchases are made using the app.

  • Allows for installment purchases over 6 weeks or 3 months.


Recent Developments



  • New Developments:

  • Zilch expanded securitization to £150 million with investment from major global credit funds, supported by Deutsche Bank.

  • The CEO, Philip Belamant, delivered a keynote at AWS Summit London 2024, unveiling a new collaboration with Amazon Web Services (AWS).


  • New Products: No information is available


  • New Features: No information is available


  • New Partnerships: Zilch revealed a groundbreaking collaboration with Amazon Web Services (AWS).


Recent Achievements and Recognition



  • Achievement: Named the 2nd fastest-growing fintech in Deloitte’s 2024 Technology Fast 50.

  • Customer Base: Celebrated having four million customers in four years.


Additional Information



Zilch operates on an ASPN (Ad-subsidized Payment Network) model, leveraging advertising revenue to offer zero-interest credit to customers, thus aiding both consumers and retailers. Their aim is to democratize the industry and improve financial health for their customers.



This company-focused market research report provides an in-depth view of Zilch, its mission, key products, and recent industry activities.