October 20, 2021
Technology

Interview: Meet Philip Belamant, CEO and founder of Zilch, the BNPL Klarna rival from UK

The Buy Now Pay Later (BNPL) market is currently a £2.7 billion market in the UK, as per a review by the Financial Conduct Authority. While Klarna and Afterpay are credited for pioneering the BNPL trend, London-based Zilch is trying to define the sector in the UK. It also recently passed its 1 million customer milestone. In an interview with UKTN, the company’s CEO and founder, Philip Belamant, reveals more about the company, it’s future plans and more. 

1 million customers 

Zilch just announced its 1 millionth customer, which is a notable milestone for the company, that exited beta 13 months ago. The startup shows between 2-5X year-on-year growth rate over its industry peers, including its rivals in the US. Zilch also recently surpassed $140M in sales. 

“Traditional credit cards come with limits that aren’t linked to a customer’s ability to repay, in fact, the model…

Read full article here: www.uktech.news