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Zeta valued at $2B in new funding
Zeta, a provider of banking software to banks and fintech startups, has raised $50 million from a strategic investor at a $2 billion valuation. The new Zeta, a provider of banking software to banks and fintech startups, has raised $50 million from a strategic investor at a $2 billion valuation.
Founded in 2015 by Bhavin Turakhia and Ramki Gaddipati, Zeta helps banks use modern tech and cloud infrastructure to launch and manage credit cards, checking accounts and loans. He compared it to the industry’s gradual shift to cloud computing, where banks initially managed their own data centers before adopting services like AWS and Azure. Its flagship customer in India is HDFC Bank, the country’s largest private lender, which also used the startup’s technology to rebuild its PayZapp digital payments platform.
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