Banking tech platform Zeta raised $30 million as strategic investment from Mastercard and other investors, taking the company’s valuation to $1.5 billion.
Zeta provides technology infrastructure to banks, assisting them in managing customer payments and deposits as well as embedding fintech offerings. Mastercard's investment in Zeta is part of a five-year strategic partnership in which both companies will offer credit management and card-processing product stacks. Zeta has already begun collaborating with Mastercard for innovation across the Middle East and North Africa, Europe, and APAC as part of the partnership. In the coming years, it hopes to add another 20-30 global banks as clients to its platform.