Banking technology startup Zeta raised $250 million in a Series C funding round from SoftBank Group Corp’s Vision Fund 2 at a valuation of approximately $1.45 billion, marking the fintech’s entry into the unicorn club. The funding round also witnessed participation from Sodexo, an existing client of Zeta.
Founded in 2015 by serial entrepreneur Bhavin Turakhia and Ramki Gaddipati, Zeta is a modern banking tech company providing Modern Core and Processing for financial institutions and Embeddable Banking for fintechs and distributors. The latest funding round will enable the startup to accelerate its growth in key markets of the US and Europe, scale up its operations and expand its team.
