Avendus Capital Advises Zeta on Its USD 250 mn Fundraise From Softbank Vision Fund 2
Zeta, a banking tech startup, announced today that it has secured USD 250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at USD 1.45 billion. This is the largest single investment in a banking tech startup globally. Sodexo also participated as an additional minority investor in the round.
Founded by Bhavin Turakhia and Ramki Gaddipati, Zeta’s US HQ is in San Francisco and it has presence in North America, LATAM, UK, Europe and Asia. Zeta counts amongst its customers, over 10 Banks and 25 Fintechs, across 8 countries, including Sodexo - a leading Issuer of Employee Benefits & Rewards with over 30 million global users, HDFC Bank - the 14th largest bank by market cap in the world and others. The proceeds of this funding round will be used to accelerate Zeta’s growth in the United States and Europe, including scaling its operations, team, and platform to meet the demands of its expanding customer base.
Avendus Capital was the exclusive financial advisor to Zeta on the transaction.
About Zeta
Founded by Bhavin Turakhia and Ramki Gaddipati, Zeta’s US HQ is in San Francisco and it has presence in North America, LATAM, UK, Europe and Asia. Zeta counts amongst its customers, over 10 Banks and 25 Fintechs, across 8 countries, including Sodexo - a leading Issuer of Employee Benefits & Rewards with over 30 million global users, HDFC Bank - the 14th largest bank by market cap in the world and others. The proceeds of this funding round will be used to accelerate Zeta’s growth in the United States and Europe, including scaling its operations, team, and platform to meet the demands of its expanding customer base.
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