Indian fintech firm Zeta has raised undisclosed amount in its Series C funding round, which was led by Sodexo Benefits and Rewards (BRS).

The company offers employee expense management, corporate gifting and co-branded debit and credit cards.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The latest deal values the company at $300m.

Following the investment, Sodexo will now own a minority stake in the company.

Zeta plans to use the proceeds for the global expansion of its cloud banking platform and enter the US, the UK, south-east Asia and other parts of Europe.

Zeta funding: Background

Established in 2015, Zeta’s cloud-based neo-banking platform supports issuance credit, debit and prepaid products.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Currently, around 14,000 corporate clients and more than 1.9 million users use Zeta’s employee benefits and corporate gifting platform.

Zeta co-founder and CEO Bhavin Turakhia said: “Today’s banking and fintech ecosystem requires cloud-native, privacy-aware, inherently secure, API first banking and payment solutions.

“With this new investment, we want to further our vision to accelerate to a world where payments are invisible and seamless.

“We will be expanding our operations to over 15 countries in the next two years.”

Commenting on the new funding, Zeta co-founder and CTO Ramki Gaddipati said: “This investment will also allow us to enhance our capabilities in machine learning, artificial intelligence, and predictive analytics so that we can offer better services with more actionable information to our clients and users.”