|[December 12, 2013]
Zafin Secures Multi-Million Dollar Growth Financing Package from Beedie Capital Partners
TORONTO & VANCOUVER, British Columbia --(Business Wire)--
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
"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
requirments 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
for further details.
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