Banking Platform Pismo Raises $108M in Series B Funding Round

Fazzaco learned that Pismo, a technology company providing a complete processing platform for payments and banking, has raised $108 million in Series B funding round.

The latest funding round was led by SoftBank Latin America Fund, Amazon, and Accel, with participation from B3, Falabella Ventures, PruVen, and existing investors Headline and Redpoint eventures.

According to the official press release, the company will utilise the new capital to fuel its global expansion and accelerate the development of market-leading technologies for banking, payments, and financial markets infrastructure.

"We have worked almost on stealth mode so far, selling exclusively through referrals. Now, with the broadest product coverage in the market and cutting-edge technology adopted at scale, we are ready for a new growth phase. On the back of this funding round, we will build further on the momentum and scale we have in Latin America and accelerate international expansion," commented Ricardo Josua, co-founder and CEO of Pismo.

He added, "We have enabled our clients to launch and manage some of the most innovative products in the market, and we are just getting started. We are hiring over 200 engineers and world-class product, commercial, and management talent to lead banking and payment disruption worldwide. We want to be sure we will stay ahead of the curve.“