Banking software provider Zafin nabs $15 million from Kayne Partners
Zafin, a provider of relationship banking software to the financial services industry, has received US$15 million in funding from U.S. private growth equity investor Kayne Partners. Proceeds of the deal will enable Zafin to expand its international sales and marketing efforts, as well as accelerate its product roadmap. Based in Vancouver, the company was founded by CEO Al Karim Somjii in 2002. Zafin is also a portfolio investment of Canadian growth finance firm Beedie Capital Partners, which provided $5 million in convertible debt and standby facilities to the company last December. Kayne Partners is a subsidiary of Kayne Anderson Capital Advisors.
2 October 2014•4 mins read
