Zafin
Toronto, Ontario, Canada
Valuation
$108.8M
2021 Revenue
$36.3M
Customers
40
Funding
$32.2M
Avg ACV
$906.7K
Team
577
Founded
2002
How Zafin CEO Al Karim Somji grew to $36.3M revenue and 40 customers in 2021.
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
Zafin Revenue
In 2021, Zafin's revenue reached $36.3M. Since its launch in 2002, Zafin has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Zafin Hit $36.3m revenue in April 2021 | |
| 2002 | Launched with $0 revenue |
Zafin Valuation, Funding Rounds
Zafin's most recent disclosed valuation is $108.8M.
Zafin has raised $32.2M in total funding across 2 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2019 | Funding round | $17.2M | - | - | |
| 2014 | Funding round | $15M | - | - |
Founder / CEO
Al Karim Somji
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Zafin serves 40 customers.
Zafin Employees & Team Size
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.
| Year | Milestone |
|---|---|
| 2023 | Reached 577 employees (July 2023) |
| 2021 | Reached 419 employees (April 2021) |
Frequently Asked Questions about Zafin
What is Zafin's revenue?
Zafin generates $36.3M in revenue.
Who founded Zafin?
Zafin was founded by Al Karim Somji.
Who is the CEO of Zafin?
The CEO of Zafin is Al Karim Somji.
How much funding does Zafin have?
Zafin raised $32.2M.
How many employees does Zafin have?
Zafin has 577 employees.
Where is Zafin headquarters?
Zafin is headquartered in Toronto, Ontario, Canada.
Compare Zafin to the industry
Zafin operates across multiple industries. Browse revenue, funding, and growth data for Zafin in each sector below.
Data and Sources
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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