Zeta, a San Francisco, CA-based banking tech startup, secured $250m in Series C funding.
The round – which valued Zeta at $1.45 billion – was led by SoftBank Vision Fund 2 with participation from Sodexo.
The company intends to use the funds to accelerate growth in the United States and Europe including scaling its operations, team and platform.
Co-founded in April 2015 by Bhavin Turakhia (CEO) and Ramki Gaddipati (CTO), Zeta is a modern banking tech company providing an Omni Stack comprising modern credit and debit processing, BNPL, core banking and mobile experiences. The company, which provides its products to banks and fintechs globally, currently has over 750 employees across its offices in the US, UK, Middle East, and Asia.