- Nordic Capital has acquired Zafin, a Canada-based provider of SaaS core modernization and transformation solutions for banks and credit unions.
- Zafin’s product and pricing platform simplifies and personalizes core modernization for banks, enabling collaborative design and management of pricing, products, and packages.
- The acquisition aims to help Zafin’s management team in the next phase of growth, leveraging Nordic Capital’s operational team, expertise, and industry relationships.
- The investment is made in close partnership with Zafin’s founders and management, who will reinvest in the company alongside Nordic Capital.
- Zafin’s software is designed to provide financial institutions with faster time to market, increased revenue opportunities, lower operating costs, and reduced operational risks.
- Nordic Capital highlights its history of investing in SaaS fintechs, having previously backed London-based no-code data automation company Duco in 2021.
- Zafin has existing partnerships with global banks, including HSBC, ANZ, ING, Wells Fargo, and more.
- The financial details of the acquisition have not been disclosed.
