VANCOUVER, BC — (November 7, 2016) – Vistara Capital Partners (“Vistara”) today announced that it has led a US$10 million growth capital financing for Zafin, a leading global financial software solutions provider. Vistara led the creation of a flexible growth capital solution that enables Zafin’s continued expansion of its product and market development roadmap.
Zafin’s mission is to make banking better for both the customer and the bank. Its award-winning platform, miRevenue, helps banks deepen customer relationships by uniting common customer, product, pricing and billing functions in one integrated solution. Today, financial institutions of all sizes use miRevenue to increase revenue, enhance operational efficiency, streamline regulatory compliance and enable a connected digital banking ecosystem. Each year, its clients trust miRevenue to process billions of transactions for hundreds of millions of their customers across retail banking, cash management, wealth management and custody services.
“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. “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.”
For more information, please also read Zafin’s Press Release.
About Vistara Capital Partners
Vistara Capital Partners provides highly flexible debt and equity financing solutions to growth stage stage technology companies across North America. Vistara’s typical investment size ranges from $3 million to $10 million per portfolio company. Managed and funded by seasoned technology finance and operating executives, “Vistara” (sanskrit for “Expansion”) is focused on enabling the growth and expansion of companies it partners with. For more information, please visit vistaragrowth.com