London fintech Zilch is today moving into shiny new offices in Victoria.
In brief:
- The firm has upgraded to a 18,500 square foot site, more than double the size of its old office, allowing more desk space for an expanded workforce.
- The expansion comes amid signs of a resurgence of activity in the London fintech industry, a reversal of a period of layoffs and slower growth last year.
- The unicorn had been bought to mark the firm hitting a billion-dollar valuation, a milestone it achieved in 2021.
What does this mean?
“We’re going to be investing north of £70 million over the next few years [and] we continue to hire aggressively,” Belamant said. “Last year the market disappeared, nothing was happening at all [but] we’re watching keenly to see what’s happening now. The market has readjusted, people have to be realistic, they have to take a long look at their strategy: do you have the firepower? 2024 will be catalytic for Zilch. We can build equity value for shareholders post IPO and we’re better off doing that sooner rather than later."
