Founded in 2002 by Al Karim Somji, Zafin designs customer‑centric financial services software used by many of the world’s largest financial institutions. Its solutions help banks power pricing, product and customer strategies, increase revenue generation, drive customer transparency and aid regulatory compliance. Zafin positions its platform to enhance banks' agility, improve customer experience and enable more personalized and profitable relationships. The company announced a $17.2M growth financing round and intends to use the funds to accelerate growth and innovation. Zafin previously entered a partial acquisition and strategic alliance with Accenture in December 2018. Zafin provides the miRevenue platform, which integrates customer, product, pricing and billing functions into a single solution for banks across retail, cash management, wealth management and custody services. The platform is used by financial institutions of all sizes to increase revenue, enhance operational efficiency, streamline regulatory compliance and enable connected digital banking. Zafin says clients trust miRevenue to process billions of transactions for hundreds of millions of customers and that the company has a 100 percent client retention rate. The company is executing a product and market development roadmap and has recently added members to its executive leadership team. Zafin states it continues to add top-tier banks to its client list and aims to gain substantial market share moving forward. The company markets itself as a trusted partner for banks seeking to improve customer understanding and competitiveness in digital banking. Zafin builds relationship-banking software for financial institutions, centering on its miRevenue Product and Pricing Lifecycle Management (PPLM) platform. miRevenue is presented as a start-to-finish PPLM solution to help banks bring products to market quickly with a focus on revenue enhancement. The suite is designed to manage products, pricing, loyalty and billing across the entire client relationship. Zafin says its client base includes many of the world’s largest tier-1 banks. The company plans to expand its international sales and marketing efforts and to accelerate its product roadmap. Zafin has received external growth capital to support that expansion. Zafin provides relationship banking software solutions to the financial services industry and is described as a market leader across Retail, Corporate, Wealth Management and Correspondent Banking. Its core product suite, miRevenue, is a Product & Pricing Lifecycle Management (PPLM) platform that helps banks manage products, pricing, loyalty and billing across client relationships. The company says it has an established customer base of global banking customers and a strong pipeline of new business. Zafin plans to use new financing to more aggressively pursue growth opportunities in the market. It completed a private financing arrangement for growth capital with Beedie Capital Partners. The deal is intended to support expansion and a long-term partnership with the investor.

Total raised

$47M

Funding rounds

4

Latest round

Series B

Latest activity

Jan 2019