The Fastest European Unicorn EVER! $0-2 Billion in 14 months: Philip Belamant Co-Founder, Zilch | Summary and Q&A

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April 1, 2023
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Unicorn Podcast
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The Fastest European Unicorn EVER! $0-2 Billion in 14 months: Philip Belamant Co-Founder, Zilch

TL;DR

Zilch CEO Philip Belamant shares insights on building a successful fintech unicorn in a short span of time, emphasizing the importance of discipline, action, and perseverance.

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Key Insights

  • 🦄 Building a successful fintech unicorn requires discipline, action, and a focused mindset.
  • 💁 Forming partnerships with like-minded individuals who complement your skills can be instrumental in achieving success.
  • 👨‍💼 Leveraging technology and purpose-driven business models can disrupt traditional industries.
  • ❓ Embracing failure as an opportunity to pivot and learn is crucial for entrepreneurial success.
  • 👨‍💼 Focus on taking small steps, tackling one component of your business at a time, and continuously refining your approach.

Transcript

you built the UK's fastest growing fintech unicorn in 14 months from zero two uniform status and your present valuation is two billion that's right now that you end up like making it actually happen together I genuinely believe it's as simple as that Philip belamont who is the founder and CEO of zelich the fastest company in Europe to ever reach un... Read More

Questions & Answers

Q: What are the first few steps to building a successful fintech unicorn?

According to Philip Belamant, it starts with disciplined action and a focused mindset. It is essential to take daily steps towards your goals and not be deterred by setbacks. Surrounding yourself with a reliable team and being open to learning from failures is also crucial.

Q: How did Philip Belamant and his co-founder make their partnership work?

Their partnership came about through open communication and shared goals. They complemented each other's skill sets and had a mutual understanding of the mission. Their friendship and support for each other contributed to the success of the business.

Q: How did Zilch disrupt the credit and payments industry with their business model?

Zilch's innovative approach allowed brands to directly engage with consumers and use ad revenue to cover the cost of credit. By partnering with brands, Zilch created a win-win situation for customers who could access credit for free and receive discounts on products.

Q: What were some of Philip Belamant's early challenges in building Zilch?

Initially, they faced numerous rejections from investors, with around 250 meetings resulting in "no" responses. However, they persevered by learning from each encounter and continuously refining their pitch. The COVID-19 pandemic also presented challenges, but it forced them to adopt a more efficient approach to virtual meetings.

Summary & Key Takeaways

  • Zilch, a fast-growing fintech unicorn, reached a valuation of $2 billion in just 14 months from zero to unicorn status.

  • CEO Philip Belamant attributes their success to taking disciplined action every day and not being afraid to force the issue.

  • He emphasizes the importance of having a focused mindset, learning from failures, and surrounding oneself with like-minded individuals.

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