British Payments App Zilch Has Met With More Than 15 Banks Over IPO Plans
- UK fintech is looking at London and New York for share sale
- Zilch is ‘months’ away from profitability, Belamant says
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British payments app Zilch has spoken with more than 15 banks as it prepares for an eventual initial public offering, though the firm is yet to decide on a location, according to Chief Executive Officer Philip Belamant.
The CEO suggested he would explore the London Stock Exchange as well as New York. “I will say we are encouraged by what we’re seeing” in London, Belamant said in an interview with Bloomberg TV on Thursday.