Zafin

What began in 2002 as a vision to revolutionize financial services has blossomed into Zafin, a global leader in SaaS solutions for the banking industry. Founded by Al Karim Somji and Anugopal Venugopalan, the company embarked on a mission to empower financial institutions with the tools to create better products, pricing, and personalized experiences. Their journey started with the launch of their flagship platform, miRevenue, a comprehensive Product and Pricing Lifecycle Management (PPLM) solution. An early success came swiftly, with HDFC Bank in India going live on the platform just five months after its launch, a move that earned Zafin a prestigious Retail Banking Award and set the stage for future growth. This early win was a testament to the founders' belief that banks needed to move beyond legacy systems to truly serve their customers in a rapidly evolving digital landscape.

Over the next two decades, Zafin consistently demonstrated its commitment to innovation, investing a significant portion of its revenue back into research and development. A pivotal moment in their evolution was the strategic shift to a cloud-based SaaS model, a move solidified by a powerful partnership with Microsoft. By launching their secure SaaS platform on Azure, Zafin enhanced scalability and provided both new and existing clients with greater flexibility and a stronger return on investment. This transition wasn't just a technological upgrade; it was a fundamental change that allowed them to deliver value more efficiently and effectively. The journey continued with a significant milestone in early 2024 when Nordic Capital, a private equity investor with deep expertise in technology and payments, acquired a majority stake in the company. This partnership marked a new chapter for Zafin, providing the scale and resources to accelerate its global expansion and solidify its position as a game-changer in banking technology, helping institutions worldwide to modernize their core systems and future-proof their operations for years to come.