{
  "id": 10947210,
  "title": "Zilch leaning towards London IPO as UK fintech calls in bankers",
  "url": "https://urgent.news/2026/09/30/zilch-leaning-towards-london-ipo-as-uk-fintech-calls-in-bankers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T12:42:01.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/zilch-leaning-towards-london-ipo-as-uk-fintech-calls-in-bankers/"
  },
  "original_language": "en",
  "account": "Fintech startup Zilch is considering an IPO on the London Stock Exchange (LSE) as it sets its sights on a potential $2 billion listing in the coming years. Based in London since 2018, the company is exploring London as the ideal venue for its public debut, likely occurring during the second half of 2027 or early 2028, according to sources. While New York and Europe are also being considered as potential listing options, conversations with financial advisors are expected to commence in the near future. Key investors in Zilch include Goldman Sachs, Deutsche Bank, and venture capital arms of the Daily Mail and eBay.\n\nIn its 2025 £134 million funding round, Zilch initially set its valuation at $2 billion, a figure which one insider claims has been \"well-earned.\" Despite recording a £10.5 million loss in its most recent fiscal year, the company's revenue surged by 93% to £110.3 million in the year ending March 2025. Zilch's listing on the LSE would mark a significant boost for the exchange, which has seen a decline in new IPOs in recent years. The only notable listing this year has been that of the Uzbek National Investment Fund (UzNIF), while African fintech Airtel Money is set to list in the coming weeks.\n\nZilch's CEO, Philip Belamant, has expressed optimism about the company's prospects for listing, though he has cautioned that London must take steps to attract more new listings. In 2024, Belamant questioned whether London would be the preferred destination for Zilch's IPO, urging the city to incentivize pension funds to invest in high-growth British companies, and to encourage retail investors to buy and hold British stocks. Belamant stated that if London fails to meet these conditions, the company may reconsider its listing plans and explore alternative options. City AM previously revealed that Zilch has sought to reposition itself beyond its buy-now-pay-later model, following a decline in the value of its competitor Klarna after its IPO in September 2023.",
  "summary": "UK fintech Zilch is leaning towards a public debut on the London Stock Exchange as it kickstarts plans for a potential $2bn listing as soon as next year. The payments firm, founded in London in 2018, views London as the favoured venue for a listing, likely to take place in the second half of 2027 [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}