Zilch, a UK-based BNPL provider, is nearing profitability and plans an IPO next year, according to CEO Philip Belamant. The company expects to be cash flow-positive and profitable monthly by its next financial year.

Zilch is considering listing on the Nasdaq, the New York Stock Exchange, or the London Stock Exchange. Belamant is also lobbying for UK financial innovation through Innovate Finance's Unicorn Council. 

Zilch currently serves over 4 million customers, offering credit with six-week repayment terms. It is expanding its advertising sales platform and exploring longer-term loans.

Analyst QuickTake: Zilch’s latest publicly disclosed post-money valuation stands at USD 2 billion after its USD 50 million extended Series C funding in June 2022. Over the past two years, Zilch has extended its partnership with Mastercard to launch BNPL cards across Europe, expanded geographically by launching its platform in the US , and broadened product offerings with the launch of an Ad-Subsidized Payments Network and " Pay over 3 months ," an interest-free regulated credit offering in the UK.