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FT Partners Advises Zafin on its $17,200,000 Series B Financing

Overview of Transaction

  • On January 23, 2019, Zafin announced it has raised $17.2 million in its Series B financing led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures
  • Headquartered in Toronto, Zafin is a global leader in financial services software that drives relationship pricing, bundling, and rates management strategies for global financial institutions
  • The Company’s technology platform is designed to modernize and augment legacy IT infrastructures that underpin the financial services industry
  • Zafin’s solutions enable banks to increase revenue generation, drive customer transparency, and aid in regulatory compliance, ultimately enhancing the customer experience

Significance of Transaction

  • The new funding will be used to expand sales and marketing growth along with continued product innovation
  • Following its strategic alliance with Accenture in December 2018, the two companies will continue to work together in the fields of open banking, core transformation, AI, and machine learning

FT Partners' Role