Zeta raises another $30 million

Zeta a banking platform tech platform has raised another $30 million from Mastercard and other investors as a part of Strategic investment. Zeta, however, did not disclose the names of other companies that participated in this round. Last May, Zeta got an investment of $240 million at a valuation of $1.45 billion. It achieved the status of Unicorn last year. This funding round was led by SoftBank Vision Fund 2. Now with the latest funding from Mastercard, Zeta’s value stands at $1.5 billion. Cofounder and chief executive officer of Zeta Bhavin Turakhia in his statement, said: “The core objective of the partnership with Mastercard is to jointly promote both brands in new geographies, leverage sale leads, and add more value to cardholders by helping banks customize offerings. The partnership with Mastercard also helps us open doors in new geographies and ensure rapid integration while reducing our time to market.”  Mastercard and Zeta are in a strategic collaboration for five years. They will both offer their services in credit management services. Zeta aims to expand its business in Brazil and the United Kingdom by early 2023.