LIFETIME OF ACHIEVEMENT IN FINTECH
“ We were prudently creating it with regulators to ensure consumer protection and financial health existed from the start ”
PHILIP BELAMANT , CO-FOUNDER AND CEO , ZILCH
His work earned recognition through the EY Entrepreneur of the Year award in May 2022 and the Great British Entrepreneur Of the Year award in September 2021 , marking his contributions to financial technology innovation .
INDUSTRY IMPACT AND LEADERSHIP Zilch ’ s approach to financial services reflects Philip ’ s focus on practical solutions . Through Zilch ’ s platform , users receive personalised financial offerings at market-competitive rates , whilst the company maintains its growth through advertising revenue .
This model emerged from his focus on addressing specific customer requirements in the credit market , demonstrating the effectiveness of datadriven financial services .
Philip says : “ All my professional life , I ’ ve created technology-based businesses that create a positive change in society and as with a lot of things , when the solution looks easy , it ’ s often not the case .
“ Our journey has had its fair share of ups and downs . For example , we launched our first funding round just prior to COVID and as a result had a well-known VC renegue on a term sheet leaving us to continue funding the business ourselves .”
Elsewhere , Philip serves as Co-Chair and founding member of the Unicorn Council for UK Fintech , a group comprising Chief Executive Officers from Britain ’ s 25 largest fintech companies .
The council works on policy development , market perception and capital markets liquidity to support the UK fintech sector . His position reflects his experience in financial technology and its applications for social benefit , contributing to the broader development of Britain ’ s fintech industry .
His work in fintech led to Zilch ’ s current model , which generated over £ 500m in customer savings as of summer 2024 , serving over 4 million registered users .
46 December 2024