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UKTN | The Podcast

Double unicorn, scaling America & everything in-between - Philip Belamant, CEO & Co-founder of Zilch

UKTN | The Podcast

UKTN

Technology, Entrepreneur, Tech, Business, Hr, Sales, Uktech, Investing, Funding, Entrepreneurship, Marketing

56 Ratings

🗓️ 23 May 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

Philip Belamant, CEO and co-founder of Zilch, is our final guest of the season. Zilch is a buy now, pay later platform that hit double unicorn status by being the fastest growing company out of Europe and the UK. Belamant talks at length on Zilch taking on the American market with a preregistration of over 150,000 customers. He gets into the extraordinary growth they have experienced increasing from 20,000 to 2.2 million customers in just 18 months. Belamant gets honest about losing out on funding at the beginning of the pandemic and the difficult decisions they faced in deciding between onboarding new customers versus delivering a quality service to existing customers. Zilch has raised $339.3M in funding to date and are currently valued at more than $2bn.

Transcript

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0:00.0

Customers use our product today now in the UK more times in a month than they use Amazon.

0:11.0

We just get on Zoom, first thing in the morning.

0:16.0

We have back to back to back to back pitches and we could go and do probably five times the level of pitching

0:21.6

per day that we could do you know otherwise and so we've been live actually for a good

0:28.2

fully live for about two months already in the market and what we're seeing is the uptake is

0:33.4

right now about four times higher than what our projection was.

0:42.9

My guest today is Philip Bellamont, who is the CEO and co-founder of Zilch.

0:50.9

Zilch is a buy-now pay-later platform and is the fastest growing company to come out of Europe and the UK to hit double unicorn status.

0:55.4

On the show today, Philip goes into detail on their growth, telling me how they went from 20,000 customers to over 2.5 million in just under two years. We talk about the

1:01.2

$339 million in funding, and Philip tells me about their plans for the American market. I'm your

1:07.9

host Mark McDonough and this is the UKTN podcast. Our sponsors of the show, Uncapped,

1:14.3

believe it's crazy that for e-commerce businesses to fund growth through marketing, infantry or

1:18.8

hiring, they have to sell equity to VCs, especially when they know they make that money back right away.

1:24.5

Uncapped solved that problem. Already helping over 500 businesses worldwide, they offer up to

1:29.7

5 million of capital for a flat fee. You pay back only as you generate sales, no dilution or loss of

1:36.0

control. Founders simply apply online, receive a decision within 24 hours and make monthly repayments

1:41.8

that flex with your revenue. Head to we are uncapped.com forward slash UKTN to find out more.

1:49.0

And to avail of a 10% discount off your fees, use the code UKTN10.

1:54.0

That's UKTN10.

1:56.1

Now let's get into the show.

1:59.6

Philip, thank you for coming on the podcast. I know you're probably in high demand at the show. Philip, thank you for coming on the podcast.

2:02.5

I know you're probably in high demand at the moment.

...

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