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Dubai tech startup Zeta raises $250m to accelerate growth

Dubai tech startup Zeta raises $250m to accelerate growth
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The investment values Zeta at $1.45bn
by Zainab Mansoor
May 25, 2021
Dubai-based banking tech startup, Zeta, has secured $250m in investment from SoftBank Vision Fund 2, it announced on May 24.
The proceeds will be used to accelerate Zeta’s growth in the Middle East, the US and Europe, including scaling its operations, team, and platform to meet growing customer demands, a statement said.
This Series C investment values Zeta at $1.45bn. Avendus Capital acted as the financial advisor on this transaction. ....

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Dubai-based Zeta raises $250mln from SoftBank fund

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Zeta raises $250m from SoftBank fund

Zeta, a Dubai-based banking tech startup, has announced that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. ....

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Zeta raises $250 million from SoftBank Vision Fund

2 hours ago
Fintech software-as-a-services firm Zeta raised $250 million from SoftBanks’ Vision Fund at a valuation of $1.45 billion. Zeta targets the massive opportunity of Open Banking or neo-banking that many traditional banks in India are undertaking. The company operates in North America, Latin America, United Kingdom, Europe and Asia.
Zeta has been founded in 2015 by serial entrepreneur Bhavin Turakhia, who had previously set up several startups like LogicBoxes, Ringo and Flock. For the majority of its history, Zeta was bootstrapped and it was only in July 2019 that Turakhia and his co-founders looked to raised external funding. At the time, Zeta raised $300 million from investors like Sodexo SA. ....

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Zeta raises $250 million from SoftBank Vision Fund, turns unicorn

Zeta raises $250 million from SoftBank Vision Fund, turns unicorn
Zeta CEO Bhavin Turakhia says with Zeta, financial institutions can leverage a modern, cloud-native platform and perform better
BusinessToday.In | May 25, 2021 | Updated 10:52 IST
The Bengaluru-based startup has 10 banks and 25 fintechs spread across eight countries as its customers
Zeta, a banking tech startup, has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion, making it one of the largest single investments in a banking tech startup globally.
Most banks are using decades-old software built when Mainframes and Cobol were in vogue. They have been slow to innovate and provide poor user experiences. With Zeta, FIs can leverage a modern, cloud-native platform and improve speed to market, agility, cost to income ratio and user experience, said Bhavin Turakhia, CEO & Co-founder, Zeta. ....

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