From Pymnts · PYMNTS · · 1m 10s
Zilch Targets 2027 IPO for BNPL Firm
Zilch aims to go public on London Stock Exchange by 2027 after recent financial shifts.
In brief
Zilch aims to go public on London Stock Exchange by 2027 after recent financial shifts. Zilch plans to list on London Stock Exchange in 2027 despite recent losses, aiming to become profitable before going public. Originally reported by Pymnts.
Zilch Prepares for 2027 IPO
U.K. FinTech Zilch is reportedly in discussions with banks as it prepares to go public on the London Stock Exchange.
Zilch's Financial Position
Zilch lost £10.5 million ($13.9 million) in its last financial year, down from £50 million ($66.3 million) in losses the year before.
Zilch's IPO Timeline
Sources familiar with the matter told the Financial Times Zilch recently invited investment banks to propose roles in an initial public offering which could come as early as next year.
Zilch's Expansion Plans
Zilch in January announced plans to purchase Lithuania’s Fjord Bank as part of an international expansion that granted the company a European banking license.
Zilch's Customer Base
The eight-year-old company has nearly six million customers generating revenue from targeted ads based on transaction data.
Zilch's Future Goals
Zilch hopes to be profitable by the time it goes public next year, according to sources close to the discussion.
The bottom line
Zilch plans to list on London Stock Exchange in 2027 despite recent losses, aiming to become profitable before going public.
