Zafin, established in 2002, provides a SaaS product and pricing platform that simplifies core modernisation for top banks worldwide. The platform enables business users to design and manage pricing, products, and packages collaboratively, leaving technologists to streamline core banking systems. This technology allows banks to accelerate time-to-market for new products and offers while lowering the cost of change and achieving tangible business and risk outcomes. Additionally, the platform increases business agility and enables personalized pricing and dynamic responses to evolving customer and market needs. Zafin is headquartered in Vancouver, Canada and has offices and customers worldwide.
Nordic Capital, with over 30 years of experience in technology investments, has made 29 technology investments valued at close to US$26bn. The terms of Nordic Capital’s deal to acquire Zafin have not been disclosed, but completion is anticipated in Q1 2024. The CEO of Zafin, Al Karim Somji, believes that this partnership with Nordic Capital will enable Zafin to become a global leader in banking technology solutions, leveraging Nordic Capital’s scale, technology expertise, and deep market understanding.
If you’re interested in the latest in FinTech, be sure to check out the latest edition of FinTech Magazine and sign up for their global conference series FinTech LIVE 2024. FinTech Magazine is a BizClik brand.