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Dubai tech startup Zeta raises $250m to accelerate growth

Dubai tech startup Zeta raises $250m to accelerate growth
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The investment values Zeta at $1.45bn
by Zainab Mansoor
May 25, 2021
Dubai-based banking tech startup, Zeta, has secured $250m in investment from SoftBank Vision Fund 2, it announced on May 24.
The proceeds will be used to accelerate Zeta’s growth in the Middle East, the US and Europe, including scaling its operations, team, and platform to meet growing customer demands, a statement said.
This Series C investment values Zeta at $1.45bn. Avendus Capital acted as the financial advisor on this transaction. ....

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Dubai-based Zeta raises $250mln from SoftBank fund

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Zeta raises $250m from SoftBank fund

Zeta, a Dubai-based banking tech startup, has announced that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. ....

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Zeta raises $250 million from SoftBank Vision Fund, turns unicorn

Zeta raises $250 million from SoftBank Vision Fund, turns unicorn
Zeta CEO Bhavin Turakhia says with Zeta, financial institutions can leverage a modern, cloud-native platform and perform better
BusinessToday.In | May 25, 2021 | Updated 10:52 IST
The Bengaluru-based startup has 10 banks and 25 fintechs spread across eight countries as its customers
Zeta, a banking tech startup, has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion, making it one of the largest single investments in a banking tech startup globally.
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, said Bhavin Turakhia, CEO & Co-founder, Zeta. ....

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SoftBank Vision Fund 2 Invests $250M in Banking Tech Startup Zeta via Series C Funding

SoftBank Vision Fund 2 Invests $250M in Banking Tech Startup Zeta via Series C Funding
May 25 2021 · 14:19 UTC by staff writer · 3 min read
Photo: Depositphotos
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Sodexo also took part in the $250 million investment led by SoftBank, participating as a minority investor in the Zeta Series C funding round.
Zeta, a banking tech startup based out of Bengaluru, India, has raised $250 million in funding from Softbank Vision Fund 2 in a Series C investment round, bringing the total valuation of the startup to $1.45 billion, in one of the biggest single investments amongst banking tech start-ups throughout the world. ....

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