Zeta is a banking software company that was founded byBhavin Turakhia and Ramki Gaddipati in 2015. The company provides credit and debit card issuer processing, BNPL, core banking and "mobile experiences".[7] Zeta provides its products to banks and fintechs.[8][9][10]
The company was founded in April 2015 byBhavin Turakhia[13] and Ramki Gaddipati.[14] Its initial offerings were for employee tax benefits, automated cafeterias, employee gifting, and digital payments.[15] In 2016,Bhavin Turakhia invested around $19 million into Zeta.[16] Initially, Zeta payments were only supported by theMasterCard network, but later the company also tied up with theNational Payments Corporation of India'sRuPay.[17]
In June 2017, the company invested 5–10 crore to buy a minority stake in an HR company called ZingHR.[18][19]
Zeta bought a minority stake in PeopleStrong in January 2018.[20] In 2020, Zeta launched its technology platform-as-a-service in the Philippines and Vietnam with Sodexo being its first client in these countries.[21]
Zeta launched its digital credit as a service in 2024 built on the NPCI's Credit Line on UPI (CLOU) for Indian banks.[22]
The company operates in North America, the United Kingdom, Brazil, the Philippines, Italy, Spain, and Vietnam.[23] Its headquarters are inSan Francisco,California,[24] and it has offices inIndia andDubai.[25]
In 2019, Zeta received an investment fromSodexo BRS at a valuation of $300 million[26] and this unit also merged with Zeta's employee benefits business.[27]
In 2021, Zeta secured a Series C investment of $250 million fromSoftBank Vision Fund 2 valuing Zeta at $1.45 billion.[28][29]
In March 2022, Zeta secured an additional $30 million from Mastercard at a valuation of $1.5 billion.[30]
In February 2025, Zeta received $50 million from a strategic investor at a valuation of $2 billion.[31][32]
Zeta Tachyon is a credit processing platform for banks that provides services related to credit cardissuance, core payments,BNPL loans, fraud and risk, and rewards with managed services.[33]
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₹893 crore (US$110 million) (FY24)[6]
