Zilch Secure CEO & Co-Founder Philip Belamant announces that the company has secured an additional $50 million in funding, bringing the total capital raised since its incorporation to $75 million. Additional investors joining this round include Temasek Holdings, Amar Asano and Associates Funds, Ltd., and other undisclosed investors from Asia. About Zilch
Zilch is a software company that provides advanced credit risk management technology. Zilch’s algorithms and software allow companies to operate more securely and efficiently while making them more able to manage their risk. The company’s technology helps financial institutions such as banks monitor their credit exposures and build better strategies for managing fraud, chargebacks, and other credit risks.
The company’s products are powered by proprietary algorithms that leverage recent advancements in machine learning and game theory to identify illicit transactions and hidden risks in the payments ecosystem. The company has more than 650 customers, including leading financial institutions from Europe and the Americas. They share their vision of a sustainable payments industry that promotes transparency for all parties involved in a transaction. Zilch is headquartered in London with additional operations located in Paris and Hyderabad.
Philip Belamant, Co-Founder and CEO, is a serial entrepreneur and previously owned and operated companies in Europe, the U.S., Canada, Brazil, and China. He was also a founding group member at Microsoft’s Startup Center for Emerging Markets (SCEM), located in Beijing, China. Mr. Belamant is a regular speaker at industry conferences and is a frequent guest on CNBC and Bloomberg television. He received an MBA from the Johnson School of Management at Cornell University and a bachelor’s degree in Economics and Political Science from the University of California, Berkeley.
Zilch was founded in London by Philip Belamant, CEO, Eric Dubinshteyn, CTO, and Brian Jones, COO in 2009. Zilch launched its first product in a beta release in April 2011.
In February 2012, Zilch was ranked second in the Quantitative Innovation category on the Finovate Europe Top Ten List by Bank Innovation. For winning, the company received a $200,000 prize.