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Korean AI tutor Riiid raises $175mln from SoftBank, heads to public schools

SoftBank Vision Fund 2 invests $250m in banking tech startup Zeta

SoftBank Vision Fund 2 invests $250m in banking tech startup Zeta REUTERS/Issei Kato May 24, 2021 SoftBank Group Corp’s Vision Fund 2 has invested $250 million in Zeta, valuing it at $1.45 billion, the banking technology startup said on Monday. Zeta, founded in 2015, will use the proceeds of the Series C funding round to accelerate growth in the United States and Europe including scaling its operations, team, and platform. The company helps over 10 banks and 25 fintechs across eight countries with its technology for credit and credit-card processing, loans, mobile banking and personal finance management. Sodexo, a customer of the company, also participated in the latest round as a minority investor, Zeta said.

Exclusive-Korean AI tutor Riiid raises $175 million from SoftBank, heads to public schools

Riiid Inc, a South Korean AI tutorial startup, on Monday said it raised $175 million from SoftBank Group Corp's Vision Fund 2 as it looks to shake up the world of standardized testing, and take its technology to public schools.

SoftBank Vision Fund 2 invests $250 million in banking tech startup Zeta

SoftBank Vision Fund 2 invests $250 million in banking tech startup Zeta Reuters 1 hr ago (Reuters) - SoftBank Group Corp s Vision Fund 2 has invested $250 million in Zeta, valuing it at $1.45 billion, the banking technology startup said on Monday. Zeta, founded in 2015, will use the proceeds of the Series C funding round to accelerate growth in the United States and Europe including scaling its operations, team, and platform. The company helps over 10 banks and 25 fintechs across eight countries with its technology for credit and credit-card processing, loans, mobile banking and personal finance management. Sodexo, a customer of the company, also participated in the latest round as a minority investor, Zeta said.

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