Zilch, the UK BNPL fintech, has seen its revenues double in 2025 due to acquiring new customers and developing new products. Revenues increased 93 per cent year-on-year to £110.3m, while losses reduced by 79 per cent to £10.5m for the year ending March 31, 2025. This revenue boost was aided by a rise in transaction and advertising income, which grew 81 per cent to £31.5m.
Zilch offers advertising-funded BNPL services, competing with Klarna and Clearpay. Customers pay using a card via debit or credit, repayable in interest-free installments. The gross merchandise value, representing total goods sold, rose 73 per cent to £1.9bn.
Backed by eBay and having launched a pay-over-three-months product last year, Zilch surpassed the five million customer milestone this year. The annual report shows a more than doubling in provision for credit losses, now at £27.4m, to cover payment defaults.
Philip Belamant, Zilch CEO and co-founder, commented, “Our growth is as much a result of successful product development as it is ongoing customer acquisition.”
Zilch is a potential IPO candidate. Belamant has indicated that the company might consider floating outside the UK without significant efforts to incentivize “retail investors to buy and hold British stocks.”