Total amount raised
$390 Million
Latest funding date
2/1/2025
Location
Zeta has successfully raised funds through four distinct funding rounds, with its latest being a Series D round led by Optum. The company is backed by notable investors, including Mastercard, showcasing strong support from the financial sector.
Keep reading to explore the intricacies of Zeta's fundraising journey and the investors backing this innovative platform.
What Is Zeta?
Zeta is a prominent player in the financial technology sector, specializing in banking technology and payment card processing solutions. Founded in San Ramon, California, the company has grown to employ between 1001 and 5000 individuals.
With a focus on providing innovative services such as credit and debit card issuance, core banking, lending, and digital banking, Zeta has established itself as a leader in the industry. The company leverages cutting-edge technology to offer scalable solutions for banks and financial institutions, enhancing customer experiences and operational efficiency.
How Much Funding Has Zeta Raised?
- Series C Round
- Amount Raised: USD 60,000,000
- Date: July 2019
- Lead Investors: Sodexo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series C Round
- Amount Raised: USD 250,000,000
- Date: May 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: USD 1,150,000,000
- Motivation Behind the Round: To support growth and technological advancements.
- Corporate Round
- Amount Raised: USD 30,000,000
- Date: March 2022
- Lead Investors: Mastercard
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial technology capabilities and expand geographical reach.
- Series D Round
- Amount Raised: USD 50,000,000
- Date: February 2025
- Lead Investors: Optum
- Valuation at Round: USD 2,000,000,000
- Motivation Behind the Round: To add to the company's safety net and cash reserves.
Total Amount Raised: USD 390,000,000. Current Valuation: USD 2,000,000,000.
Key Investors
- Optum
- Details: Optum is a US-based healthcare company that is part of UnitedHealth Group. It focuses on health services and innovation.
- Investment Focus Areas: Healthcare, technology, financial services.
- Notable Investments: Investments in healthcare technology companies.
- Mastercard
- Details: Mastercard is a global financial services corporation that provides payment processing products and services. It is known for its extensive network and innovative payment solutions.
- Investment Focus Areas: Payment processing, financial technology, digital payments.
- Notable Investments: Marqeta, AvidXchange, Finicity.
- SoftBank Vision Fund 2
- Details: SoftBank Vision Fund 2 is a venture capital fund managed by SoftBank Group Corp. It is known for investing in technology-driven companies.
- Investment Focus Areas: Technology, fintech, AI, consumer internet.
- Notable Investments: Uber, WeWork, ByteDance.
- Sodexo
- Details: Sodexo is a global services company that provides various services including employee benefits and rewards. It aims to enhance quality of life through its offerings.
- Investment Focus Areas: Employee benefits, rewards services, quality of life services.
- Notable Investments: Investments in companies that provide employee benefits and rewards services.
What's Next for Zeta?
Zeta's future is brimming with opportunities, particularly in expanding its cloud-native SaaS offerings to more banks and fintech companies. With plans to capture 20-25% of the market in India and the US over the next 5-7 years, the company is poised for significant growth. The recent $50 million investment from Optum will bolster Zeta's technology infrastructure, enabling it to support an additional 25 million accounts on its platform.
Future fundraising opportunities appear promising, as Zeta's increased valuation and strategic partnerships make it an attractive prospect for investors. The company may continue to attract investments from sectors like healthcare, given the recent interest from Optum. However, Zeta will need to navigate challenges such as achieving profitability by March 2026 and maintaining rapid growth in a competitive market.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Zeta and gather other critical business insights.
Sign up for free to start transforming your sales strategy today.
