Vistara Capital Partners and Beedie Capital Partners have committed $10m in additional growth capital to Zafin.
The financial technology provider, which serves financial institutions of all sizes, has now raised a total of $25m since launching in 2013 according to Crunchbase.
Back in 2014, Zafin landed $15m in venture financing from Kayne Anderson Capital Adivsors
Beedie made its original investment in the business in 2013, via a $5m debt financing round.
The company claims its platform, miRevenue, helps banks deepen customer relationships by uniting common customer, product, pricing and billing functions in one integrated solution.
Financial institutions can use miRevenue to increase revenue, enhance operational efficiency, streamline regulatory compliance and enable a connected digital banking ecosystem.
Randy Garg, Vistara managing partner and observer on Zafin’s board of directors said, “As banking undergoes a transformation on a global basis, technologies that enable banks to gain a better understanding of their customers and more effectively compete in a digital banking world have become vital in the marketplace.”
The new growth capital will enable Zafin to continue to expand its product and market development roadmap.
Copyright © 2016 FINTECH GLOBAL
Copyright © 2018 RegTech Analyst
