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
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- 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.
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
People of Zafin
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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.
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.
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Beedie Capital is recognized as a multi-strategy direct investment platform.
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Debt and equity solutions are provided to mid-to-late-stage technology companies.
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Investor details for Zafin
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- Investor domains
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Zafin
Zafin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FINCAD.
Investment portfolio details for Zafin
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- Portfolio identities
- Transaction dates
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Valuation and risk solutions for derivative portfolios are offered.
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Complete acquisition details for Zafin
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Financial Statements - Zafin
Detailed financials for Zafin
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Zafin Comparisons
Peer comparison for Zafin
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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.
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Reputation management software is provided for solar industry sales.
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Wealth management solutions via AI decisioning and automation are provided.
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Customer relationship management software is provided for omnichannel engagement.
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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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Detailed competitors of Zafin
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Latest news on 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 current CEO of Zafin.
Zafin is a funded company, having raised a total of $47.2M across 4 funding rounds to date.
As of Apr 10, 2024, the latest employee count at Zafin is 322.
Annual revenue of Zafin is $5.63M as on Mar 31, 2022.
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 made 1 acquisition, including FINCAD.
Zafin has 5 investors. Key investors include Accenture, Beedie Capital, Vistara Growth, Kayne Anderson Capital Advisors, and Nordic Capital.