Zafin to acquire US-based Naehas in nine-figure deal

Toronto-based Zafin has agreed to acquire Palo Alto's Naehas for a nine-figure sum in US dollars, paid through a mix of equity and cash partly financed by a credit line. The deal is expected to close by the end of the year; Naehas has about 250 employees and $30–50 million in annual revenue.

• Deal value is nine figures in USD, partly financed by a credit line
• Naehas has roughly 250 employees and $30–50 million in annual revenue
• Combined business expected to serve 16 of the top 20 US banks
• Zafin targets $200 million in annualized recurring revenue by end of 2026