Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Published On Sep 3, 2024, 6:29 AM

Zilch, a UK-based fintech company, has reported its first month of profitability in July 2024, achieving this milestone faster than many of its competitors in the fiscal technology space. The company’s annual revenue run rate exceeded £100 million ($130 million), reflecting substantial growth. Zilch's CEO emphasized their focus on growth rather than cuts to achieve profitability, distinguishing them from other companies in the sector. Additionally, Zilch has appointed ex-Aviva CEO Mark Wilson to its board, signaling its commitment to leadership and sustainable success as it prepares for a potential IPO in the next two years.