26 January 2024

Zilch opens major new office as London fintech charts course for expansion ahead of potential IPO

Written By FinTech Alliance in Payments

Zilch opens major new office as London fintech charts course for expansion ahead of potential IPO

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." 

Read more here.

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