Zeta Raises $50M At $2B Valuation In New Funding

SaaS
Written By Rick Watson

Zeta is a next-gen banking technology company that enables financial institutions to launch extensible and compliant asset and liability products rapidly.

Zeta, a banking technology platform and credit card processor, has raised $50 million in strategic funding at a $2 billion valuation from Optum, a healthcare company. The new funding will be used to finance growth. Zeta enables financial institutions to leave legacy systems and utilize cloud infrastructure to launch and manage credit cards, checking accounts, and loans. Why would a healthcare company invest in a fintech platform?

TechCrunch: Zeta valued at $2B in new funding

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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