Vancouver based relationship bank software provider raised a $10m venture round led by Vistar Capital Partners and Beedie Capital Partners.
“We are extremely pleased to partner with the team at Zafin and support the company’s growth plans,” said Randy Garg, Managing Partner at Vistara Capital Partners and Observer on Zafin’s Board of Directors, who led the current financing round. “As banking undergoes a transformation on a global basis, technologies that enable banks to gain a better understanding of their customers and more effectively compete in a digital banking world have become vital in the marketplace.” Vistara Capital Partners led the creation of a flexible growth capital solution that enables Zafin’s continued expansion of its product and market development roadmap. This announcement marks the continuation of a strong relationship with Zafin, building from a prior investment by Beedie Capital Partners in 2013 and Randy Garg’s ongoing role as a Zafin board observer since that time.
http://finance.yahoo.com/news/zafin-secures-usd-10-million-150000725.html