| Type of business | Privately held company |
|---|---|
| Founded | 2015 |
| Headquarters | Bangalore, India |
| Founder(s) | Bhavin Turakhia Ramki Gaddipati |
| Key people | Bhavin Turakhia (CEO) Ramki Gaddipati (CTO) |
| Parent | Directi |
| URL | www |
| Commercial | Yes |
| Registration | Required |
| Current status | Online |
Zeta is a modern banking tech company, co-founded by entrepreneurs Bhavin Turakhia and Ramki Gaddipati in 2015. The company offers a full-stack, cloud-native API-ready core banking and transaction processing platform for issuance of credit, debit, and prepaid products that enable legacy banks to launch modern retail and corporate fintech products. [1] [2] [3]
The company was founded in April 2015 by Bhavin Turakhia [4] and Ramki Gaddipati. [5] Its initial offerings were digitized enterprise solutions for employee tax benefits, automated cafeterias, employee gifting and digital payments. [6] In 2016, Bhavin Turakhia invested around $19 million into Zeta. [7] Initially, Zeta payments was only supported by the MasterCard network but later the company also tied-up with the National Payments Corporation of India's RuPay. [8] In June 2017, the company invested 5-10 crore to buy a minority stake in an HR solutions[ buzzword ] company called ZingHR. [9] [10] Zeta has partnerships with IDFC Bank, [11] Sodexo, [12] Excelity Global, [13] Kotak Mahindra Bank [14] [15] and RBL Bank. [8] Zeta launched the first employee benefits survey in India along with Nielsen Holdings in April 2018. [16] It also bought a minority stake in PeopleStrong in January 2018. [17] In 2019, Zeta received an investment from Sodexo BRS at a valuation of $300 million dollars. [18] In 2020, Zeta launched its technology platform-as-a-service in The Philippines and Vietnam with Sodexo being its first client in these countries.
Zeta's employee benefits business merged with Sodexo BRS India in 2019. [22]
Cognizant is an American multinational product led digital corporation that provides digital products, digital IT services, including digital, technology, consulting, and operations services. It sells digital products on cloud based data engineering, model based testing tool, process automation tool RPA.It is headquartered in Teaneck, New Jersey, United States. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-house technology unit of Dun & Bradstreet in 1994, and started serving external clients in 1996.
Sydenham College of Commerce and Economics is a prestigious college located in Mumbai, Maharashtra, India which is also the oldest college of commerce in Asia, affiliated to the Dr. Homi Bhabha State University. The college offers undergraduate and postgraduate degrees in commerce and management. It was awarded a re-accreditation 'A' grade and 3.42 GPA in the second cycle assessment conducted by the National Assessment and Accreditation Council.
PayMate is a business-to-business (B2B) payment solution provider headquartered in Mumbai.
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Financial technology is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.
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Financial technology has emerged as a relatively new industry in India. FinTech is an industry comprising companies that use technology to offer financial services. These companies operate in insurance, asset management and payment, and numerous other industries.
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PhonePe is a digital wallet platform and online payment company headquartered in Bangalore, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
Bhavin Turakhia is an Indian billionaire and serial entrepreneur, and the founder of Flock, Radix, CodeChef and Zeta. He is the CEO of Flock and Zeta. In 2016, Bhavin was ranked as the 95th richest person in India, with a net worth of US$1.3 billion, along with his brother Divyank Turakhia, according to Forbes. He has been honored as a 2011 Young Global Leader by the World Economic Forum.
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