Zeta Raises $250M From SoftBank; Becoming Fintech’s Latest Unicorn

Zeta Raises $250M From SoftBank; Becoming Fintech’s Latest Unicorn

Founded by serial entrepreneur Bhavin Turakhia - a Dubai resident since 2012 - along with Ramki Gaddipati , Zeta also has a presence in North America, LATAM, UK, Europe, and Asia. Banks work with dozens of tech vendors - most offering discrete pieces of functionality and archaic stacks that are older than the internet. Zeta's Omni Stack provides all the functionality that banks need to launch new products relevant to consumers today. "Most banks are using decades-old software built when Mainframes and Cobol were in vogue. They have been slow to innovate and provide poor user experiences. With Zeta, FIs can leverage a modern, cloud-native platform and improve speed to market, agility, cost to income ratio, and user experience“ comments Bhavin Turakhia, CEO & Co-founder, Zeta. "We are privileged to have SoftBank join us in this exciting journey as we together disrupt the stagnant landscape of banking tech“ Bhavin added. Zeta's Omni Stack comprises: 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 and HDFC Bank - the 14th largest bank by market cap in the world and