Zeta joined the Unicorn Club on May 24, 2021, after raising a $250 million Series C funding round led by SoftBank Vision Fund, valuing the company at $1.45 billion. Headquartered in San Ramon, United States, Zeta offers cloud-native banking and payment solutions for banks, fintechs, and enterprises. Its platform enables modern card issuance, payment processing, and authentication systems. Zeta’s technology powers employee benefits management, client payment collection, and digital wallet services, available across Android and iOS devices.
Keep reading to see how Zeta is reshaping modern banking with cloud-first, API-driven solutions for institutions worldwide.
What Is Zeta and What Does It Do?
Founded in 2015, Zeta builds modern financial infrastructure that helps banks and enterprises launch next-generation payment products. Its flagship offering, Zeta Tachyon, is a cloud-based core banking and card issuance platform designed to handle credit, debit, and prepaid cards at scale.
The company serves both traditional banks and new-age fintechs, offering them tools for secure transactions, virtual cards, digital wallets, and robust authentication systems. With a strong focus on API-based architecture, Zeta enables financial institutions to innovate more quickly and deliver enhanced digital experiences to end-users.
How Much Funding Has Zeta Raised?
- Series D Round
- Amount Raised: $50 million
- Date: February 11, 2025
- Lead Investor: Avendus
- Purpose: Accelerate global expansion, enhance cloud infrastructure, and scale enterprise banking partnerships.
- Series C Round
- Amount Raised: $250 million
- Date: May 24, 2021
- Lead Investor: SoftBank Vision Fund
- Purpose: Strengthen core banking platform, expand digital payment services, and support international market entry.
- Earlier Rounds (Seed to Series B)
- Cumulative Funding: ~$90 million
- Key Investors: Savano Capital Partners, Sodexo Benefits & Rewards
- Purpose: Product development, global compliance capabilities, and card issuance infrastructure.
Total Funding Raised: ~$390 million
Latest Funding Date: February 11, 2025
Latest Known Valuation: ~$2 billion
Employee Count: 1,278 (as of Oct 31, 2024)
Annual Revenue: $51.9 million (as of Mar 31, 2024)
Key Investors
- SoftBank Vision Fund
- Details: Global technology investment fund backing transformative fintech and enterprise solutions.
- Focus Areas: Financial services, payments, and cloud-based platforms.
- Savano Capital Partners
- Details: Private investment firm focused on growth-stage technology and infrastructure companies.
- Focus Areas: Fintech, enterprise SaaS, and emerging tech infrastructure.
- Avendus
- Details: Leading Indian financial services firm with a focus on late-stage technology investments.
- Focus Areas: Fintech, banking tech, and enterprise growth funding.
- Sodexo Benefits & Rewards
- Details: Strategic corporate investor and Zeta’s key partner for digital benefits and card solutions.
- Focus Areas: Employee benefits, prepaid cards, and workplace financial solutions.
Where Is Zeta’s Headquarters?
Zeta is headquartered in San Ramon, United States, with key operational centers in India and the United Kingdom. Its teams focus on payment systems engineering, financial compliance, and product innovation for global banking clients.
What’s Next for Zeta?
Zeta plans to deepen its global presence by partnering with Tier 1 banks and fintechs across North America, Europe, and Asia. The company aims to expand its cloud-native core banking stack, introduce AI-driven fraud detection, and enhance real-time payment capabilities to support next-generation digital finance ecosystems.
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