Fintech Startup Zeta Raises $30 Million, Teams With Mastercard

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Zeta Services Inc., a banking and credit card technology unicorn, has raised $30 million from investors including Mastercard Inc., and the two announced a five-year collaboration to help customers launch credit card services.

With the latest round, Zeta will have raised a total of about $280 million and pushed its valuation to $1.5 billion, Bhavin Turakhia, co-founder and chief executive officer said in an interview. SoftBank Group Corp. and Sodexho SA invested $250 million last year, making Zeta a unicorn.