Zilch, the UK BNPL fintech, has reported a doubling of revenues in 2025, boosted by snatching new customers and developing new products.
Revenues increased year-on-year 93 per cent to £110.3m while the UK fintech reported a 79 per cent reduction in year-on-year losses to £10.5m in the year ending March 31 2025. The revenue boost was helped by a jump in transaction and advertising revenue, which was up 81 per cent to £31.5m.
Zilch provides advertising-subsidised BNPL services and competes against the likes of Klarna and Clearpay. Zilch customers use a card to pay via debit or credit, which can be paid off in interest-free instalments. Gross merchandise value, which measures the total value of goods sold, grew 73 per cent to £1.9bn.
Zilch, which is backed by eBay and last year launched its pay over three months product, said it topped the five million customer mark this year. Zilch’s annual report also shows that it more than doubled its provision for credit losses, which are funds to cover payment defaults, to £27.4m.
Philip Belamant, Zilch CEO and co-founder, said: “Our growth is as much a result of successful product development as it is ongoing customer acquisition."
Zilch has been hotly tipped as an IPO candidate. Belamant has previously said that Zilch could float outside the UK without meaningful efforts to incentivise "retail investors to buy and hold British stocks".
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