Financial Services
Investment flows into India's fast-growing FinTech sector showing signs of a recovery
30 May 2021

Banking start-up Zeta this month became India’s latest company to cross the $1 billion valuation mark, raising $250 million from the SoftBank Vision Fund amid signs that investment flows into the country’s FinTech sector are beginning to recover.

Zeta, which is now valued at $1.45bn, is a platform for banks to operate credit and debit cards, daily transactions, loans and mobile banking through a cloud-based system.

The platform acts as “a bank in a box” for an industry that still uses outdated software, says Bhavin Turakhia, a seasoned entrepreneur and the chief executive of Zeta.

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