Zilch, the UK fintech reportedly gearing up for an IPO, has reported a 36 per cent increase in full-year revenues to £147.5m, but losses swelled almost three-fold to £35.9m, its latest financial figures show.
Zilch CEO Philip Belamant heralded the year a “foundational" one for the fintech, which provides various lending products and said this year it had hit $300m (£224m) in annual run rate.
Gross merchandise value (GMV), the value of goods sold through its platform, rose 28 per cent to £2.4bn.
Active user numbers increased 21 per cent to 970,000 while average annual spend per active customer rose six per cent to £2,500, Zilch said.
Belamant, CEO and co-founder, Zilch, said: “FY26 was a fou…