About Zafin
Zafin is a Financial Services company based in Toronto (Canada) founded in 2002, and was acquired by Nordic Capital in February 2024. Software solutions for relationship banking in financial services are delivered. It operates in the Financial Services and Technology sectors. Zafin has raised $47.2 million across 4 funding rounds from investors including Accenture, Beedie Capital and Vistara Growth. The company has 322 employees. Zafin has completed 2 acquisitions, including FINCAD and Naehas. Its chief executive, as recorded, is Charbel Safadi. Its website zafin.com draws about 12 thousand monthly visits. Its Indian entity Zafin Software Centre Of Excellence Private Limited reported revenue of ₹120 Cr. Zafin offers products and services including Zafin Studio, Product Catalog, Rates & Fees, and Zafin Data Fabric. Its focus areas include Enterprise Applications, Sales Force Automation, CRM and Enterprise Suite.
Company details
Zafin was founded in 2002 and is based in Toronto, Canada. Relationship banking software is provided to the financial services industry, covering retail, corporate, wealth management, and correspondent banking segments. The miRevenue suite serves as a platform for product and pricing lifecycle management, enabling banks to manage product launches and revenue generation processes. Operations focus on enhancing visibility into market activities for financial institutions.
- Headquarters Toronto, Canada
- Employees 322
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website zafin.com
- Social LinkedIn X Facebook YouTube
- Acquired by Nordic Capital (Feb 2024)
- Legal Name Zafin Software Centre Of Excellence Private Limited
- Date of Incorporation 11 Nov, 2003
- Jurisdiction Thiruvananthapuram, Kerala, India
- Indian entity revenue₹120 Cr
FY 2025 · -26% YoY
- Indian entity net profit₹15.88 Cr
FY 2025 · 13% margin
- Indian entity EBITDA₹23.69 Cr
FY 2025 · 20% margin
- Total Equity Funding$47.2M (USD)
in 4 rounds
- Latest Funding Round$17.2M (USD), Series B
Jan 2019
- InvestorsAccenture
& 4 more
- Employee Count322
- Investments & AcquisitionsFINCAD
& 1 more
- Acquired byNordic Capital
(Feb 2024)
Associated legal entities of Zafin
Zafin operates through Zafin Software Centre Of Excellence Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zafin Software Centre Of Excellence Private Limited CIN U72200KL2003PTC016609 | Active | 11 Nov 2003 | Thiruvananthapuram, Kerala | ₹120 Cr | 322 | 2 | View details |
Products & Services of Zafin
Zafin offers a comprehensive portfolio of products and services, including Zafin Studio, Product Catalog, Rates & Fees, and Zafin Data Fabric.
Tool for creating and managing responsive banking products
Platform to design pricing, products, and simplify core banking
System for managing and providing transparency in rates and fees
Unified data solution for enhanced banking insights and actions
Apps and channels of Zafin
its YouTube channel Zafin has 268 subscribers and 30 videos.
Videos from Zafin
The most watched videos on Zafin's YouTube channel, Zafin (268 subscribers). Click a video to play it here.
More on Zafin.
Funding Insights of Zafin
Zafin has successfully raised a total of $47.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17.2 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $47.2M
- Total Rounds 4
- Last Round Series B — $17.2M
- First Round $5M
(Dec 2013)
- Investors Count 4
All 4 funding rounds of Zafin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $17.2M | Series B | – | Beedie Capital Partners, Accenture | |
| Nov 2014 | $15M | Series B | – | Kayne Anderson Capital Advisors | – |
| Oct 2014 | $15M | Series B | – | – | |
| Dec 2013 | $5M | Debt – Conventional | – | – |
5 investors in total: 5 institutional.
Investors in Zafin
Zafin has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Accenture, Beedie Capital and Vistara Growth.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Beedie Capital is recognized as a multi-strategy direct investment platform. | beediecapital.com | Vancouver, Canada | ||
Debt and equity solutions are provided to mid-to-late-stage technology companies. | vistaragrowth.com | Vancouver, Canada | ||
| nordiccapital.com | ||||
IT and management consultancy services are provided globally. | 1989 | accenture.com | Dublin, Ireland | |
| kaynecapital.com |
Investor details for Zafin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Zafin Software Centre Of Excellence Private Limited (Zafin)
Zafin Software Centre Of Excellence Private Limited is the primary company behind Zafin. The board of Zafin Software Centre Of Excellence Private Limited currently have 2 directors; the longest-serving is Suja Chandy, appointed in 2024. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suja Chandy DIN 10673685 | Managing Director | 21 Jun 2024 | 2 yrs 4 mo | Zafin Software Centre Of Excellence Private Limited |
| Charbel Safadi DIN 10685012 | Director | 27 Jun 2024 | 2 yrs 4 mo | Zafin Software Centre Of Excellence Private Limited |
People of Zafin
172 people are tracked at Zafin (47 in leadership, 2 in board & advisors, 123 in team); the tracked headcount is 322.
| Name | Role | Group |
|---|---|---|
Bhavna Wadhwa | Chief Marketing Officer | Leadership |
| Chief Executive Officer | Leadership | |
Tally Sweiss | Vice President Of Strategic Accounts | Leadership |
Chirag Madhrani | Director Of Product Marketing | Leadership |
Anugopal Venugopalan | Chief Revenue Officer & Co Founder | Leadership |
George K Mathew | Head, Business Performance And Planning | Leadership |
Dave Singh | Chief Financial Officer | Leadership |
Shahir Daya | Chief Technology Officer | Leadership |
Branavan Selvasingham | VP - AI And Engineering | Leadership |
Anjana S | Director - Technology Group | Leadership |
Joe Mazzetti | Chief Editor, Journal | Leadership |
Kyra Azzopardi | Director Of Product Management, Transformation & Modernization | Leadership |
Afsal Abdulkhani | Director, Human Resources | Leadership |
Nick van Bommel | Client Partner | Leadership |
Retesh Bhagat | Director - Product & Pricing Consulting | Leadership |
Fares Raad | Vice President Of Strategic Sales | Leadership |
Manoj Pillai | Vice President - India Operations | Leadership |
Kia Abolmeleh | Senior Vice President Corporate Finance | Leadership |
Arpit Athawale | Vice President Of Cloud Services | Leadership |
Rohit Palaria | Vp, Sales & Solution Design | Leadership |
152 more people are available in the full profile.
Complete people profiles for Zafin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Financials of Zafin
Figures of Zafin Software Centre Of Excellence Private Limited, the primary company behind Zafin, for FY 2025. Revenue was ₹120 Cr (-26% year on year). Net profit was ₹15.88 Cr (13% margin). EBITDA was ₹23.69 Cr (20% margin). Revenue has grown at a compounded annual rate of +37% over three years and +30% over five years.
- ₹120 CrRevenue · FY 2025 · -26% YoY
- ₹15.88 CrNet profit · 13% margin
- ₹23.69 CrEBITDA · 20% margin
- ₹1.09 CrPaid-up capital
- 322Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Zafin Software Centre Of Excellence Private Limited are on its company page.
Detailed financial statements for Zafin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Zafin
Zafin has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FINCAD and Naehas.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Offer and content management platform is provided for multi-channel marketers. | naehas.com | San Francisco, United States | 2006 | Oct 2026 | •••• | |
Valuation and risk solutions for derivative portfolios are offered. | fincad.com | Surrey, Canada | 1990 | Jan 2022 | •••• |
Complete acquisition details for Zafin
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Zafin
7 dated milestones of Zafin across 24 years, from founding to its latest funding, stage changes and deals.
Web traffic of Zafin
The website of Zafin (zafin.com) receives about 11.6K visits a month.
- Monthly visits11.6K
▼ 2.1% vs previous month
Websites whose visitors overlap most with Zafin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| alixpartners.com | 100% | 155.1K | #263,429 | View details | |
bankingawareness.com | bankingawareness.com | 100% | – | ||
| fintechfutures.com | 99% | 247.5K | #188,215 | View details | |
| thefsforum.co.uk | 61% | #4,739,669 | View details | ||
| eulerhermes.com | 60% | 47K | #356,644 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Zafin
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- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Zafin
Complete news archive for Zafin
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Frequently Asked Questions about Zafin
Zafin was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Zafin is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Charbel Safadi is the CEO of Zafin, as recorded in our data.
Zafin is a funded company, having raised a total of $47.2M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5M, raised on Dec 2013.
Zafin has 322 employees.
The primary company behind Zafin, Zafin Software Centre Of Excellence Private Limited, reported revenue of ₹120 Cr for FY 2025, down 26% year on year.
Zafin was founded in 2002 and is based in Toronto, Canada. Relationship banking software is provided to the financial services industry, covering retail, corporate, wealth management, and correspondent banking segments. The miRevenue suite serves as a platform for product and pricing lifecycle management, enabling banks to manage product launches and revenue generation processes. Operations focus on enhancing visibility into market activities for financial institutions.
Zafin offers Zafin Studio, Product Catalog, Rates & Fees, and Zafin Data Fabric.
Zafin has 5 investors. Key investors include Accenture, Beedie Capital, Vistara Growth, Kayne Anderson Capital Advisors, and Nordic Capital.
Zafin operates through Zafin Software Centre Of Excellence Private Limited.
Yes. Zafin was acquired by Nordic Capital in February 2024.