|By Business Wire||
|December 12, 2013 07:32 PM EST||
Zafin is very pleased to announce the completion of a private financing arrangement with Vancouver-based Beedie Capital Partners (BCP). BCP is committing a total of $5 million to provide additional growth capital to Zafin.
“We strongly believe in Zafin’s vision that banks will become digital marketplaces for financial services, enabled by technologies such as the Zafin software suite,” said Randy Garg, managing partner at BCP. “The combination of Zafin’s established customer base of global banking customers, growing industry recognition, and a strong pipeline of new business is a testament to the tremendous value in Zafin’s solutions.”
“We are extremely excited about being part of the future of this company,” noted Garg.
"This investment will provide the additional capital needed to more aggressively pursue growth opportunities in the market,” said Al Karim Somji, founder and CEO of Zafin. “Beedie has been very flexible in providing a highly-tailored financing solution specific to our needs.”
“We look forward to a long-term partnership with BCP as our future requirements continue to evolve.”
Zafin is an award-winning provider of relationship banking software solutions to the financial services industry. As the market leader in relationship banking for Retail, Corporate, Wealth Management and Correspondent Banking, Zafin is transforming the way banks manage products, pricing, loyalty and billing across the entire client relationship.
Our flexible software suite, miRevenue, is a complete Product & Pricing Lifecycle Management (PPLM) platform – a “start-to-finish” view of the way banks bring products to market quickly and easily with a focus on revenue enhancement For more information, visit www.zafin.com.
About Beedie Capital Partners
Beedie Capital Partners (BCP) provides highly flexible growth financing solutions for small to mid-market companies across a wide variety of industry sectors. Managed by a small core team of decision makers, BCP is highly responsive, creative and flexible with terms, timing and transaction structure. BCP has been actively investing since its establishment in early 2011, with 11 portfolio investments (current and past) and over $55 million invested or committed since inception. BCP is fully funded by Beedie Development Group, British Columbia’s largest private industrial landlord and developer, established in 1954. Visit www.beediecapital.com and www.beediegroup.ca for further details.