Banking tech startup Zeta raises $50 million in fresh funding; valuation rises to $2 billion

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Banking technology startup Zeta has secured $50 million in equity funding from US-based healthcare and financial services firm Optum.The SoftBank-backed firm will be valued at $2 billion post this investment compared to around $1.45 billion when it last raised capital in 2021, said founder and chief executive officer Bhavin Turakhia.

Turakhia said this is a “strategic” funding round even as the firm is on track to be profitable by March 2026 by when it expects to hit an annualised revenue run rate of more than $100 million.

The company, started in…



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Banking tech startup Zeta raises $50 million in fresh funding; valuation rises to $2 billion


Banking technology startup Zeta has secured $50 million in equity funding from US-based healthcare and financial services firm Optum.The SoftBank-backed firm will be valued at $2 billion post this investment compared to around $1.45 billion when it last raised capital in 2021, said founder and chief executive officer Bhavin Turakhia.

Turakhia said this is a “strategic” funding round even as the firm is on track to be profitable by March 2026 by when it expects to hit an annualised revenue run rate of more than $100 million.

The company, started in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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