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Toronto, Ontario, Canada
Provider of financial software products intended to make banking better for both the customer and the bank. The company's SaaS-based platform offers a product and pricing lifecycle management (PPLM) platform which allows banks to manage products, pricing, loyalty and billing across the entire client relationship, enabling banks deepen customer relationships by uniting common customer, product, pricing and billing functions in one integrated service.
Last updated
In 2021, Zafin's revenue reached $36.3M. Since its launch in 2002, Zafin has shown consistent revenue growth.
Zafin reached a $108.8M valuation in 2025, set during its M&A Offer round.
Zafin has raised $32.2M in total funding across 2 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $108.8M | - | |
| 2019 | Funding round | $17.2M | - | - | |
| 2014 | Funding round | $15M | - | - |
CEO
Al Karim Somji founded Zafin in 2002. Besides his role as CEO, he is the chief visionary at Zafin, and as such, he has successfully built a team focused on delivering innovations and sustainable revenue growth in banking. Today, Zafin’s solutions play an important and strategic role at some of the largest and most innovative banks in the world.
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Zafin serves 40 customers.
Zafin employs approximately 577 people as of 2026, up from 419 in 2021, including 3 sales reps that carry a quota. It serves 40 customers that rely on its solutions.
Zafin generates $36.3M in revenue.
Zafin was founded by Al Karim Somji.
The CEO of Zafin is Al Karim Somji.
Zafin raised $32.2M across 2 rounds.
Zafin has 577 employees.
Zafin is headquartered in Toronto, Ontario, Canada.
Zafin operates across multiple industries. Browse revenue, funding, and growth data for Zafin in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$108.8M
2021 Revenue
$36.3M
Customers
40
Funding
$32.2M
Avg ACV
$906.7K
Team · 2023
577
Founded
2002
| Year | Milestone | Source |
|---|---|---|
| 2021 | Zafin Hit $36.3m revenue in April 2021 | |
| 2002 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2023 | Reached 577 employees (July 2023) | |
| 2021 | Reached 419 employees (April 2021) |
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