Zilch’s Spontaneous Adventure: A Last-Minute Travel Escape!

Editorial

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Customers have the potential to earn up to 3% back in rewards on their travel reservations or can choose to distribute the expense of their journey with interest-free installments over six weeks or three months.

Zilch reports that payments for travel costs are among its most rapidly expanding segments, demonstrating a 140% year-on-year increase as customers seek more adaptable financing solutions for their journeys.

Philip Belamant, CEO and co-founder of Zilch, states: “By 2025, travel will no longer be a luxury – it’s a necessity for both work and family, with 84% of UK consumers exploring locations both domestically and internationally; they’re spending more than £72 billion on overseas vacations alone in 2023. Zilch Travel is crafted to provide our clients with what they’ve been requesting, three years into an unparalleled cost-of-living challenge: the convenience, safety, and flexibility to plan and pay for their journeys effortlessly within the regulated app they trust to manage their finances.”

With aspirations for an IPO in 2025, the London-based Zilch secured £100 million in securitized debt funding through Deutsche Bank (DB) in June. In the four years since its launch, Zilch has gained over four million users and now processes more than 10 million transactions every month, with total sales reaching £3.6 billion, and revenue doubling for the third consecutive year.