Banking technology startup Zeta has been valued at £1bn following its latest funding round.
In Brief:
This comes after Zeta raised £177mn Series C funding.
It came from the SoftBank Vision Fund 2.
Zeta offers an “end-to-end Omni Stack” software solution that helps banks launch “modern” FinTech products.
What does this mean?
Enabling banks to offer a more “modern” alternative for increasingly tech native (and remote) customers is certainly a huge priority at the moment, ant Zeta already operates across Europe, Latin America, America and Asia. It will use the funding to expand in the European and American markets.
The investment marks the first in technology banking from SoftBank, according to AltFi.
