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Banking tech that crossed $100M of revenue by quietly moving its centre of gravity from India to the US, where 1,700+ financial-institution logos and far higher gross margins finally made it profitable
profitable this year after marginally missing last year · FY27 profit guided at upwards of $10M · 70%+ of revenue now from the US · 1,700+ US logos
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Zeta sells the software banks and financial institutions run their card and payment programmes on, and it has just crossed a threshold that most Indian-founded enterprise companies talk about for years before reaching: upwards of $100 million in revenue, with profitability expected this year after what the CEO calls a marginal miss the year before. For FY27 he guides to profit of "upwards of 10 million maybe" — a deliberately unglamorous number for a company at this scale, and an honest one. The story underneath the milestone is geographic. A couple of years ago the revenue split between India and the US was roughly 50/50. It is now more than 70% from the US, and the CEO is explicit about why that matters beyond growth: "that also gives us good profitability. I mean, the gross margins are much higher." In the US, Zeta is at more than 1,700 logos — financial institutions using its platforms. In India the shape is deliberately different: fewer logos, deeper and broader relationships with a select few, because he does not expect India to produce logo count. A first UK credit-card programme went live a quarter before the interview, making it the third market. The forward bets are two. One is credit on UPI, where Zeta has publicly claimed it will capture more than half the market by 2030 and where the CEO now concedes the category is "at the early stages, early very very early" because large programmes have not gone live. The other is Niyo, an AI enterprise software platform funded with roughly $30 million of the founders' own money, predominantly his co-founder Bhavin's, built on the thesis that a great deal of daily enterprise work can be delegated to agents.
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Join the Unicorn Club — $5/moCancel in one click · first payment refundable for 7 daysData credibility: Television interview with Zeta's co-founder and CEO on CNBC-TV18. Every figure — upwards of $100M revenue, profitability this year, upwards of $10M of FY27 profit, the 70%+ US revenue share, the 1,700+ US logos and the roughly $30M put into Niyo — is stated on air by company executives or the interviewer and is unaudited; Zeta is privately held. Several numbers are given as ranges or with hedges rather than as precise figures ("upwards of," "maybe," "70 plus percent") and are reproduced that way here rather than sharpened. The $30M Niyo figure comes from the interviewer's question, which the CEO does not dispute but reframes as predominantly his co-founder's investment. The speaker is introduced only as co-founder and CEO and is not named in the segment; he refers to his co-founder as Bhavin, so this entry does not attribute quotes to a named individual. "Niyo" is the auto-caption's rendering of the platform name and may be spelled differently. No third-party data, filings or dashboards are cited anywhere in the segment.