Banking tech startup Zeta raises $50 million in fresh funding; valuation rises to $2 billion

Banking technology startup Zeta has secured $50 million in equity funding from US-based healthcare and financial services firm Optum.The SoftBank-backed firm will be valued at $2 billion post this investment compared to around $1.45 billion when it last raised capital in 2021, said founder and chief executive officer Bhavin Turakhia.

Turakhia said this is a “strategic” funding round even as the firm is on track to be profitable by March 2026 by when it expects to hit an annualised revenue run rate of more than $100 million.

The company, started in…