UK FinTech firm Zilch has made headlines with the appointment of Mark Wilson, the former CEO of Aviva and AIA, to its board of directors. This strategic move comes as the company celebrates its first month of operating profit, although specific figures were not disclosed. Zilch has also surpassed a revenue run rate of over $130 million (£100 million) as of July. With ambitions for an initial public offering (IPO) on the horizon, the company is eyeing potential listings in London or New York, especially as rival Klarna looks to announce its own New York flotation soon. Since its inception in 2018, Zilch has raised nearly £400 million in equity and debt. CEO Philip Belamant expressed pride in the team's achievements, highlighting their growth in revenue, customer savings, and the unique customer relationships they've built. He remains optimistic about the future, emphasizing that this milestone marks just the beginning for Zilch.
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