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Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO - TL;DR CNBC

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Publishing timestamp: 2024-09-03 06:29:58


Summary

Zilch, a British financial technology firm, reported its first-ever month of profit in July 2024, hitting profitability faster than other major consumer fintechs. The company also announced it topped $130 million in annual revenue run rate and appointed former Aviva CEO Mark Wilson to its board. Zilch's CEO aims to list the business publicly in the next 12 to 24 months.


Sentiment: POSITIVE

Tickers: SQ

Keywords: business newsbreaking news: technologyblock incbankstechnology

Source: https://www.cnbc.com/2024/09/03/zilch-posts-first-profit-and-appoints-ex-aviva-ceo-to-board.html


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