Zilch is considering going public in 2025 and is talking to IPO venues

UK BNPL (Buy Now, Pay Later) provider. Zilch technology The company is reportedly considering an initial public offering (IPO) in 2025.

Zilch has not chosen a location for an IPO, but has spoken to Nasdaq, the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE), according to Zilch's CEO Philip Belamant said Bloomberg, via a report published on Friday (March 15).

Belamant also told the media outlet that according to the report, Zilch expects to become cash flow positive within a few months and be profitable on a monthly basis as early as April.

Zilch serves about 4 million customers, is opening its advertising sales platform to third parties and is exploring offering longer-term loans, the report said. The company was valued at $2 billion in a 2022 funding round.

In September it was reported that Zilch was exploring options for one initial public offering. At the time, company executives had turned up at the LSE to celebrate Zilch's third anniversary.

More recently, Zilch announced in February that it had launched a new loan payment product that allows customers to extend interest-free repayments larger purchases over three months. At this point, this “pay over 3 months” product has already been tested with around 100,000 Zilch customers.

“With today’s launch, Zilch moves closer to our ultimate goal of capturing overall wallet share,” Belamant said at the time. “This new payment option is tailored to important purchases or emergencies, such as the purchase of electronics, car tires or home repairs, such as when a boiler breaks.”

In October the company launched a new one Loan product called Zilch Up to empower individuals who are typically excluded from mainstream credit. This product starts with credit limits starting at 50 pounds (approximately $61) and includes tools to help customers improve their credit scores and increase their credit limits.

Zilch's excels at creating ongoing and consistent value for customers BNPL product Belamant is unique compared to other players in the field, Belamant told PYMNTS in an interview published in February 2022. He added that consumer protection has been a top priority since the company's inception and that regulators' interest in the BNPL space is a “good thing”.