20 April 2014

Zafin secures $5 million growth capital

13 December 2013  |  698 views  |  0 Source: Zafin

Zafin is very pleased to announce the completion of a private financing arrangement with Vancouver-based Beedie Capital Partners (BCP). BCP is committing a total of $5 million to provide additional growth capital to Zafin.

"We strongly believe in Zafin's vision that banks will become digital marketplaces for financial services, enabled by technologies such as the Zafin software suite," said Randy Garg, managing partner at BCP. "The combination of Zafin's established customer base of global banking customers, growing industry recognition, and a strong pipeline of new business is a testament to the tremendous value in Zafin's solutions."

"We are extremely excited about being part of the future of this company," noted Garg.

"This investment will provide the additional capital needed to more aggressively pursue growth opportunities in the market," said Al Karim Somji, founder and CEO of Zafin. "Beedie has been very flexible in providing a highly-tailored financing solution specific to our needs."

"We look forward to a long-term partnership with BCP as our future requirements continue to evolve."

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