Zennify, Financial Services Consultant at Salesforce, Raises Fund
Zennify says it will use the funds to:
- Improve its data, analysis and integration services;
- deliver new FinTech solutions through its ZennLab employee-driven incubator;
- expand the brand’s reach in North America and Latin America; and
- redouble your efforts to cultivate talent.
Zennify has over 200 employees who have over 620 Salesforce certifications. The company’s revenue is expected to increase by 50% in fiscal 2022, after growing nearly 30% in 2021. Actual dollar revenue figures were not disclosed. Key partners include cloud banking specialist nCino, and talent-driven organizations such as Grow with Google, Code Black Indy, America deserves, and the Salesforce Talent Alliance.
Zennify Financing: Executives Perspectives
In a prepared statement on funding, Zennify CEO Manvir Sandhu said:
âThis new investment from Tercera, alongside continued demand for our services, validates the impactful work we deliver and highlights the opportunity that lies ahead. Our consultants are obsessed with helping clients modernize their architecture and generate revenue with platforms like Salesforce and nCino, but are also passionate about the communities in which we work. This infusion of capital will help us expand our reach and further develop the talents and capabilities our customers, partners and the world need. “
Tercera CEO Chris Barbin added:
âThe financial services industry is changing, spending huge sums on IT and cloud adoption to stay relevant in a digitally driven world. Zennify’s results and capabilities in financial services sparked Tercera’s initial interest in the company, but what sealed the deal was Manvir and the team’s commitment to the culture, the culture of talents and diversity. These are essential traits for any success. third wave advice, and the Zennify team set the bar high.
Additional investments to note
Tercera has invested in several cloud-focused consulting and software companies. Another investment example concerns Terazo, a combination of cloud software developer and MSP that raised more than $ 10 million from Tercera and Twilio in May 2021.
Meanwhile, investor activity in the Salesforce partner ecosystem remains strong. Here is a list of buyers and investors targeting Salesforce partners.