Fintech ZSuite Technologies (ZSuite Tech) has completed an $11 million Series A funding round led by S3 Ventures with additional participation from multiple private banks and JAM FINTOP.
This investment accelerates the ability of ZSuite Tech to scale its platform, grow the organisation, expand into new markets and support the increasing demand for modern, digital commercial banking tools and solutions.
Founded in 2019, ZSuite Tech is a bank-born advocate for the technological and financial growth of banks, providing SaaS solutions as a unique, value-add service. Its suite of all-digital product offerings enables financial institutions to increase low-cost, core deposits, improve the customer experience and reduce internal costs with digital efficiencies.
ZSuite Tech currently partners with more than 36 institutions across the United States and supports approximately 41,000 escrow accounts. Additionally, the company manages more than $140 million in annual payments and $300 million in annual deposits on the platform.
