Zafin Raises $17.2M Series B for Banking Platform Infrastructure

Zafin announced a $17.2 million Series B funding round on January 23, 2019, to scale its banking platform infrastructure. The round was led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures, building on a strategic alliance with Accenture formed in December 2018. Zafin's SaaS platform helps banks modernize legacy IT systems through APIs, enabling open banking, core transformation, and the integration of AI and machine learning.

The platform provides tools for relationship pricing, product bundling, and rates management, helping banks increase revenue, improve customer transparency, and meet regulatory compliance requirements. The new funding is earmarked for expanding sales and marketing operations as well as advancing product innovation. Zafin's API-driven approach to banking infrastructure positions it as a key enabler in the broader shift toward open banking and BaaS architectures.