Zilch boss ‘feels good’ on $2bn IPO valuation

The boss of Zilch has said the fintech is confident of maintaining its $2bn valuation on the public markets, as it gears up for an IPO as soon as the second half of next year. Philip Belamant, chief executive of Zilch, told City AM the business was “getting a lot of support” from current and potential investors, who can see where the group is “moving to”. Zilch called in bankers in recent months as it began talks over a highly-anticipated public market debut. No bankers have been appointed to work on a potential listing yet, City AM understands. The fintech was valued at $2bn (£1.5bn) in 2022 and has maintained the price tag in subsequent funding rounds. When asked whether he was confident this would hold up on the public markets, Belamant said “the short answer is we believe so”, adding the company feels pretty good about its current trajectory. “We have a strong relationship with reality, and ultimately we know we need to hit our numbers, we need to keep growing and