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Type of business | Privately held company |
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Founded | 2015 |
Headquarters | San Francisco, California [1] [2] |
Area served | US, EMEA, Asia |
Founder(s) | Bhavin Turakhia Ramki Gaddipati |
Key people | Bhavin Turakhia (CEO) Ramki Gaddipati (CTO) Karla Booe (CCO) [3] Gary Singh (President, US) [4] Sivaram Kowta (President, India) [5] |
Industry | Banking technology |
Products | Credit processing platform, Digital Credit as a Service |
Revenue | ![]() |
Net income | ![]() |
Employees | 1700+ |
Parent | Zeta Services Inc. |
URL | www |
Commercial | Yes |
Registration | Required |
Current status | Online |
Zeta is a banking software company that was founded by Bhavin Turakhia and Ramki Gaddipati in 2015. The company provides credit and debit card issuer processing, BNPL, core banking and "mobile experiences". [7] Zeta provides its products to banks and fintechs. [8] [9] [10]
The company was founded in April 2015 by Bhavin Turakhia [13] and Ramki Gaddipati. [14] Its initial offerings were for employee tax benefits, automated cafeterias, employee gifting, and digital payments. [15] In 2016, Bhavin Turakhia invested around $19 million into Zeta. [16] Initially, Zeta payments were only supported by the MasterCard network, but later the company also tied up with the National Payments Corporation of India's RuPay. [17]
In June 2017, the company invested 5–10 crore to buy a minority stake in an HR company called ZingHR. [18] [19]
Zeta bought a minority stake in PeopleStrong in January 2018. [20] In 2020, Zeta launched its technology platform-as-a-service in the Philippines and Vietnam with Sodexo being its first client in these countries. [21]
Zeta launched its digital credit as a service in 2024 built on the NPCI’s Credit Line on UPI (CLOU) for Indian banks. [22]
The company operates in North America, the United Kingdom, Brazil, the Philippines, Italy, Spain, and Vietnam. [23] Its headquarters are in San Francisco, California, [24] and it has offices in India and Dubai. [25]
In 2019, Zeta received an investment from Sodexo BRS at a valuation of $300 million [26] and this unit also merged with Zeta’s employee benefits business. [27]
In 2021, Zeta secured a Series C investment of $250 million from SoftBank Vision Fund 2 valuing Zeta at $1.45 billion. [28] [29]
In March 2022, Zeta secured an additional $30 million from Mastercard at a valuation of $1.5 billion. [30]
In February 2025, Zeta received $50 million from a strategic investor at a valuation of $2 billion. [31] [32]
Zeta Tachyon is a credit processing platform for banks that provides services related to credit card issuance, core payments, BNPL loans, fraud and risk, and rewards with managed services. [33]
Digital Credit as a Service provides credit origination, issuance, and collections services to banks based on the National Payments Corporation of India’s (NPCI) Credit Line on Unified Payments Interface(UPI). [22] In 2024, Zeta claimed that it processes 2 million transactions every day. [34]