SoftBank Vision Fund 2 supplied $250m for the banking technology producer at a $1.45bn valuation while Sodexo also invested.

US-headquartered banking software provider Zeta hiked its valuation to $1.45bn yesterday with a $250m investment by internet and technology conglomerate SoftBank’s Vision Fund 2.

Vision Fund 2 was joined in the round by food services and facility management provider Sodexo, though Zeta did not reveal how much the latter invested.

Zeta produces software which incorporates credit and debit processing and buy-now, pay-later capabilities as well as core banking processes. It is allocating the capital to recruitment, platform development and the…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.