Fintech company Zeta collects Series C funding
Summary
LONDON and NEW YORK – July 23, 2019 — Zeta, a global fintech company revolutionizing the digital banking and enterprise payments space, today announced that it has secured a series C investment from Sodexo Benefits and Rewards Services (BRS) at a valuation of $300 million. Zeta’s product portfolio includes -A full stack cloud native neo-banking platform for issuance of credit, debit and prepaid products that enable legacy banks and new age fintech institutions to launch retail and corporate fintech products An enterprise payments solutions stack comprising of TnE cards, P-cards, expense management, salary disbursement and more “Fintech has gone through a significant transformation in the past couple of years, as consumers demand more control and a decentralized banking experience,” said Bhavin Turakhia, co-founder and CEO of Zeta. Zeta’s growth over the last four years is a testament to the capabilities the platform could deliver and the scale of the opportunity at hand.” “Sodexo has been a strategic partner of Zeta since 2017,” said Aurelien Sonet, CEO of Sodexo BRS. “This investment will enable the Sodexo group to benefit from Zeta’s seamless payment experience and offer a comprehensive suite of solutions to our consumers. Zeta and Sodexo are already working together on deploying Zeta’s platform across several Sodexo subsidiaries across different regions.” About Zeta Co-founded by Bhavin Turakhia (CEO) and Ramki Gaddipati (CTO), Zeta® is in the business of providing (1) a full stack cloud native neo-banking platform for issuance of credit, debit and prepaid products that enable legacy banks and new age fintech institutions to launch engaging retail and corporate products, and (2) Enterprise Payments solutions comprising of Travel & Entertainment solution, P-cards, Expense Management, Salary disbursement and more.