Fintech company Zeta raises close to $65 million from Sodexo at $300 million valuation to scale!
Zeta, a global fintech startup in the digital banking and enterprise payments space, has secured a Series C investment from France’s Sodexo, which from now on has a minority stake in the company. The new capital will be used to fuel Zeta’s international expansion across the US, UK and beyond.
London-based Bhavin Turakhia, co-founder and CEO of Zeta explains why they are looking at the UK for the startup’s next go-to market:
“the United Kingdom has seen significant innovation in the fintech space with more challenger banks operating here than any other country worldwide. Zeta has already begun hiring senior leadership in the United Kingdom with the goal of providing our unique banking solutions to operators here.”
Today’s banking and fintech ecosystem requires cloud-native, privacy-aware, inherently secure, API first banking and payment solutions. Ramki Gaddipati, CTO and co-founder of Zeta, says that is what the company is already offering to over 2 millions of its users.
“The platform enables creation of tailor-made consumer experiences and scales to billions of transactions per day,”
Zeta claims to provide its cloud native banking platform and enterprise payments solutions stack to 14,000 corporates in India, Asia, and the LATAM region. Now it’s time to scale beyond the known markets —
“we will be expanding our operations in over 15 countries in the next two years”,