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LONDON–(BUSINESS WIRE)–Philippe Veramant, CEO and Co-Founder of Zilch, has been named EY’s Entrepreneur of the Year for the 2022 London and South East UK Region. Chosen for the year.
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Philip Belamant, CEO and co-founder of Zilch, has been named EY’s Entrepreneur of the Year for the 2022 London and South East UK region. (Photo: Business Wire)
Philippe Veramant is one of the most prestigious and competitive business awards given to entrepreneurs and leaders of high-growth companies around the world, recognizing their entrepreneurial spirit, purpose, growth, influence and other major achievements. Selected by an independent panel of judges based on significant contributions and attributes. Previous winners of the coveted award include high-profile entrepreneurs such as GymShark CEO Ben Francis, Zilch co-founder Sean O’Connor, and Steven Bartlett, CEO of his Social Chain at the time. house is included.
Philip Belamant is the co-founder of Zilch, Europe’s fastest Series A to double unicorn fintech company. Combining the best of what consumers know and understand about credit and debit, the London-based company has achieved unparalleled success. In less than two years, it has a customer base of approximately 6% of the UK adult population. This is twice as fast for him as any other fintech.
It’s this massive growth that continues to impress investors. Most notably, Zilch recently expanded his Series C with the addition of his $50 million oversubscribed equity, bringing the total amount received to over his $460 million. . Importantly, this funding maintained the startup’s $2 billion valuation at a time when other major competitors reported new funding at significantly lower valuations.
Serial Entrepreneur – Philip Belamant launched several thriving payments industry businesses with early success in emerging markets in Africa. In these regions, his market knowledge and resourcefulness have allowed him to design disruptive electronic payment systems in regions lacking robust digital infrastructure, advancing the lives of millions of people, It helped me improve.
Today, as CEO of Zilch, a direct-to-consumer business model, Philippe Veramant is leading the trillion-dollar “Everest of Debt and High Fees” credit card market, virtually unchanged since its birth in the 1950s. I am challenging the battle with Diners Club and Bank Americanard. The first step in this journey was obtaining a full consumer credit license. This is the first of its kind for a major postpay provider. To date, none of his major BNPL companies have a credit license. This has proven to be crucial to Zilch’s future success. In his June of this year, the UK government released a response to his October 2021 consultation on the regulation of BNPL. The key point is that the BNPL company must be approved by his FCA and have an affordable price check. His BNPL credit provider, which is not regulated, must comply with the FCA’s financial promotion rules. This is all Zilch has adhered to since his 2020. A customer signs up and uses a credit card to pay off.
In taking this strategic step, Philip Belamant created the BNPL 2.0 product. This closes the hole created by traditional credit cards and the first generation of his BNPL product. Most of these products are unregulated and customers can only shop at certain merchants.
Philippe Veramant, CEO and co-founder of Zilch, said: “Zilch’s specific goal is not to try to create a ‘commercial-direct-customer-inclusive shopping destination’ as others have focused, but rather to create the most powerful was to create a flexible payment method. Zilch wanted to focus on ease of use and offering value flywheels around customer transactions, such as offering immediate cashback offers as rewards.
“We are honored that Ernst & Young, trusted advisors to the likes of Jeff Bezos and Tim Cook, have recognized us for their Entrepreneur of the Year Award. For more than 30 years, EY has recognized bold, game-changing business leaders and entrepreneurs who have disrupted industries and created new product categories. We wish all the finalists the best of luck at the national ceremony.”
Philip Belamant will be considered for the EY Entrepreneur of the Year ‘National’ Award for 2022, which will be decided in November.
EY – An advisory firm to Amazon, Apple, Google, Meta, Netflix, Time Warner and more, EY founded the globally recognized EY Entrepreneur Of The Year™ program more than 30 years ago. We currently operate in more than 60 countries around the world. It is intended to demonstrate their recognition of their individual and corporate entrepreneurial accomplishments, demonstrating what they see as inspirational leadership, vision and success.
Lynn Ratigan, EY Chief Operating Officer UK and Ireland and UK Partner Sponsor of Entrepreneur of the Year, said: “This year’s cohort shows how business leaders embrace responsibility as role models and continue to inspire the next generation. We thank them for their positive impact and we are honored to be part of this wonderful community.”
Victoria Price UK EY Private Tax Leader and Entrepreneur of the Year UK Partner Lead said: “I am so inspired to work with such incredible leaders every day and they demonstrate the breadth of business talent across the country. It has shown me its drive, its innovation and its ambition, while bringing real value.”
A full list of winners can be found here.
About Zilch
Zilch was born to give you the world’s most powerful way to pay for anything, anywhere. We are on a mission to revolutionize the payments industry with innovative products that enable our customers to responsibly manage their cash flow.
Zilch brings together the best of what people love, want and trust when it comes to debit, credit and savings.
Since its launch in 2020, the consumer-oriented fintech has grown its customer base to 2.5 million in 18 months and scaled twice as fast as some of its competitors, making it the fastest growing fintech in history. has become both a European fintech unicorn and a double unicorn. Currently, 250,000 consumers sign up to use his Zilch each month.
As one of the first UK payments and BNPL providers to be granted a consumer credit license from the FCA, Zilch’s transparent and customer-centric credit alternatives are regulated from the start to ensure consumer protection and financial soundness. Designed with authorities. Using sophisticated open banking technology and soft credit checks, Zilch uses a real-time view and understanding of customer affordability to recommend exactly how much you can borrow. Zilch’s direct-to-consumer offer gives consumers unlimited access to all his 37 million merchants that accept Mastercard online or in-store via Tap and Pay.
Zilch has over 250 employees in offices in London, Miami and Krakow.
Just zilch it!
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Source: Zilch