Zafin, a Toronto, Canada-based financial services software company, raised $17.2m in growth financing.
The round was led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures.
The company intends to use the funds to accelerate growth and innovation.
Established in 2002 by Al Karim Somji, CEO, Zafin designs customer centric financial services software used by many of the world’s largest financial institutions to power pricing, product and customer strategies. Its solutions enable banks to increase revenue generation, drive customer transparency and aid in regulatory compliance, ultimately enhancing their agility and their ability to improve the customer experience and build more personalized and profitable relationships.
This funding announcement comes as a follow up to a partial acquisition and strategic alliance between Zafin and Accenture in December 2018.