Avendus advises Zeta on its Series C fundraise from Sodexo BRS at a valuation of USD 300 mn

Today’s banking and fintech ecosystem requires cloud native, privacy aware, inherently secure, API first banking and payment solutions. With this new investment, we want to further our vision to accelerate to a world where payments are invisible and seamless. We will be expanding our operations to over 15 countries in the next two years,

Commenting on Avendus’s role in the transaction, he added, “Working with Avendus was like having an inhouse corporate development arm which was available at all times to assist on the overall strategy, even beyond the transaction. The team has done an amazing job and I enjoyed working with them.

Zeta’s innovation in the neo-banking and enterprise payments tech space, combined with its capabilities of building global scale, lends them a unique edge in the market as they continue to disrupt. This investment by Sodexo demonstrates its belief in Zeta’s vision and capabilities. It has been a privilege to partner with Bhavin and Ramki and we look forward to seeing them build a large global business.

Zeta’s products are used by 5+ banks and fintech issuers across India, Asia and Latin America. The platform hosts 1.9+ million users and clocks over 1 million transactions per day.

At Zeta, we have been creating a robust platform over the last five years to solve for use cases that could not be addressed through legacy approaches,

The platform enables creation of tailor-made consumer experiences and scales to billions of transactions per day. This investment will also allow us to enhance our capabilities in machine learning, artificial intelligence, and predictive analytics so that we can offer better services with more actionable information to our clients and users,” he added.