British Fintech Zilch Achieves First-Ever Monthly Profit, Fast-Tracks Toward IPO After Doubling Revenue in Competitive Buy Now, Pay Later Market

British fintech firm Zilch achieved its first monthly profit, marking a significant milestone as it eyes an eventual IPO. The company, competing in the "buy now, pay later" space with firms like Klarna and Block, reached profitability within four years, faster than several of its peers. Zilch also reported an annual revenue run rate exceeding $130 million, doubling from the previous year. CEO Philip Belamant attributed this success to business growth compared to companies that "cut their way to profitability." Zilch appointed former Aviva CEO Mark Wilson to its board as it prepares for further expansion and a potential public listing.