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Banking technology solutions provider zeta has become the 14th startup to join the unicorn club this year. The softBank investment pushed up Zeta’s valuation by more than three times.
The company, which counts several banks including HDFC bank , RBL Bank , IDFC Bank and kotak Mahindra Banks among its clients , raised the funds from SoftBank vision Fund
French employee benefits company sodexo , from which the company raised an undisclosed amount of funding in July 2019 at a valuation of $300 million, participated as a minority investor in the round , while Avendus capital acted as the financial advisor for the deal .
Founded in 2015 by London based serial entrepreneur Bhavin Turakhia along with Ramki Gaddipathi , zeta offers products that are focused on retail banks , which integrate mobile app, debit processing, credit processing and lending platform without changing the existing core banking systems.
