Zilch Commits €91M to a New London Hub as Its Payments Business Expands

UK fintech unicorn Zilch is investing approximately €91 million (£80 million) in a larger London headquarters as it prepares for its next phase of growth. The company has agreed to occupy 33,160 square feet at 40 Grosvenor Place in central London, taking space across the building's fourth and fifth floors under a 10-year lease. It expects to move into the new offices in spring 2027. <Cite refs={["turn168338search0","turn168338search1"]}/>

Founded in 2018 by Philip Belamant and Sean O'Connor, Zilch operates a consumer payments platform that combines flexible payment options with rewards and offers from retailers. Its model aims to give customers alternatives to traditional credit while helping merchants reach shoppers through more targeted marketing.

The company has grown beyond its original buy-now-pay-later proposition. Its services now include flexible ways to pay, cashback and personalised rewards, supported by technology that connects consumer spending activity with retail offers. Zilch also launched Intelligent Commerce, an AI-powered data platform designed to help brands understand customer behaviour and improve the performance of their advertising. Its Zilch Pay product is intended to make online checkout faster and more convenient. <Cite refs={["turn168338search2","turn168338search3"]}/>

The business has built a substantial customer base since launch, reporting more than five million registered users in company updates. It works with thousands of retail partners and has processed more than £5 billion in gross merchandise value, reflecting the scale of activity moving through its platform. <Cite refs={["turn168338search2","turn168338search3"]}/>

The move to Grosvenor Place comes amid continued expansion across products and payments infrastructure. In 2025, Zilch raised more than $175 million in debt and equity financing in a round led by KKCG, with additional participation from strategic investors. The company said the capital would support product development, marketing and potential acquisitions. It also secured a UK payments services licence from the Financial Conduct Authority, giving it greater scope to develop payment products directly and build deeper commercial relationships. <Cite refs={["turn168338search3","turn168338search6"]}/>

The larger office is expected to give Zilch more room for its growing workforce and provide a central base for teams developing its payments, data and AI products. Its expansion also comes as the company considers its longer-term corporate options, with recent media reports indicating that it has begun preliminary discussions with investment banks about a possible public listing. The company has said its focus remains on executing its growth strategy, with all strategic options open. <Cite refs={["turn168338search4","turn168338news8"]}/>

For Zilch, the new headquarters represents a substantial commitment to London as it scales its operations. The company is seeking to bring payment services, consumer rewards and AI-driven retail intelligence together in one platform, while expanding the infrastructure needed to support its next stage of growth.