About Zafin
Zafin is a company based in Toronto (Canada) founded in 2002 was acquired by Nordic Capital in February 2024.. Zafin has raised $47.2 million across 4 funding rounds from investors including Accenture, Beedie Capital and Vistara Growth. The company has 322 employees as of April 10, 2024. Zafin has completed 1 acquisition, including FINCAD. Zafin offers products and services including Zafin Studio, Product Catalog, Rates & Fees, and Zafin Data Fabric. Zafin operates in a competitive market with competitors including Eltropy, Pegasystems, Talisma, PureFacts and Zipari, among others.
- Headquarter Toronto, Canada
- Employees 322 as on 10 Apr, 2024
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Zafin Software Centre Of Excellence Private Limited
- Date of Incorporation 11 Nov, 2003
- Jurisdiction Thiruvananthapuram, Kerala, India
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Annual Revenue
$5.63 M (USD)26.74as on Mar 31, 2022
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Net Profit
$830.69 K (USD)3.57as on Mar 31, 2022
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EBITDA
$1.17 M (USD)9.95as on Mar 31, 2022
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Total Equity Funding
$47.2 M (USD)
in 4 rounds
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Latest Funding Round
$17.2 M (USD), Series B
Jan 23, 2019
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Investors
Accenture
& 4 more
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Employee Count
322
as on Apr 10, 2024
- Investments & Acquisitions
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Acquired by
Nordic Capital
(Feb 12, 2024)
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Products & Services of Zafin
Zafin offers a comprehensive portfolio of products and services, including Zafin Studio, Product Catalog, Rates & Fees, and Zafin Data Fabric. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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Software Development Team
52 people
Product Management Team
31 people
Leadership Team
18 people
Senior Team
16 people
Finance and Accounting
10 people
Sales and Marketing
9 people
Human Resources and Administration
7 people
Cloud Team
4 people
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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 Total Funding
- Total Rounds 4
- Last Round Series B — $17.2M
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First Round
First Round
(12 Dec 2013)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series B - Zafin | Valuation | Beedie Capital Partners , Accenture | |
| Nov, 2014 | Amount | Series B - Zafin | Valuation | Kayne Anderson Capital Advisors |
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| Oct, 2014 | Amount | Series B - Zafin | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Beedie Capital is recognized as a multi-strategy direct investment platform.
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Founded Year | Domain | Location | |
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Debt and equity solutions are provided to mid-to-late-stage technology companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zafin
Zafin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FINCAD. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Valuation and risk solutions for derivative portfolios are offered.
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Zafin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zafin Comparisons
Competitors of Zafin
Zafin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Eltropy, Pegasystems, Talisma, PureFacts and Zipari, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Reputation management software is provided for solar industry sales.
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CRM solutions for wealth managers
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Provider of cloud-based customer experience management platform for payers
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zafin
Frequently Asked Questions about Zafin
When was Zafin founded?
Zafin was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Where is Zafin located?
Zafin is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Zafin?
Charbel Safadi is the current CEO of Zafin.
Is Zafin a funded company?
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 Series B of $15M, raised on Dec 12, 2013.
How many employees does Zafin have?
As of Apr 10, 2024, the latest employee count at Zafin is 322.
What is the annual revenue of Zafin?
Annual revenue of Zafin is $5.63M as on Mar 31, 2022.
What does Zafin do?
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.
What products or services does Zafin offer?
Zafin offers Zafin Studio, Product Catalog, Rates & Fees, and Zafin Data Fabric.
How many acquisitions has Zafin made?
Zafin has made 1 acquisition, including FINCAD.
Who are Zafin's investors?
Zafin has 5 investors. Key investors include Accenture, Beedie Capital, Vistara Growth, Kayne Anderson Capital Advisors, and Nordic Capital.