Zeta has netted an amount from Sodexo Benefits and Rewards reported to be below $60m, at a valuation confirmed by the card-issuing technology provider to be $300m.

India-based payment technology provider Zeta has received an investment of undisclosed size from facilities management and food service provider Sodexo that was reported by TechCrunch to sized at under $60m.

Sodexo’s Benefits and Rewards (BRS) unit acquired a minority stake in Zeta through the deal, which valued the company at $300m according to a statement.

Founded in 2015, Zeta has developed a cloud-based banking platform that allows business customers to issue debit, credit and prepaid products. It also provides more…