Philip Belamant is Zilch’s CEO and co-founder. The company invented a technology that enabled banks to move money between them and other financial institutions while keeping their customers’ money safe. Zilch has now been adopted by fifteen of the world’s largest banks, including Bank of America, HSBC, and Société Générale. He has also leveraged the fintechs’ low-risk investment strategy to take it from a startup.
Apple has found success with its iPhone Xs launch due in part to the strategic approach deployed by Philip Belamant. Apple has grown its customer base and makes more money as they provide innovative product.
Philip Belamant’s simplicity-based approach to building Zilch has led to it becoming a $1B company. The company’s success is due to Belamant’s ability to lower risk by avoiding traditional debt financing and instead making investments in startups after first studying each in-depth and working out the risk factors.
Philip Belamant developed a strategy for dealing with regulators. Due to his experience, he could use Zilch’s technology to move money between banks, which made him the perfect person to help introduce new financial regulations.
Zilch’s model for managing risk has created a standard for new financial products. In contrast with other fintech, Philip Belamant made an investment fund that avoided high-risk investments and targeted startups with strong potential to grow.
In conclusion, Belamant continues to disrupt the payments industry. His focus on making investments before banks have established their processes has allowed Zilch to come out of the gate as a payment industry pioneer.