Global investors are supporting us on our journey to becoming the world’s number one platform for financial services. Our US$ 108 million Series B funding round, which we’ve just announced, was led by SoftBank, Amazon, and Accel, with B3, Falabella Ventures, PruVen, together with existing investors Headline and Redpoint eventures.
We share here some articles and posts published by our investors, saying why they have chosen Pismo.
The Accel website features an article signed by executives David Waltcher, John Locke, and Ethan Choi, who is also a member of the Pismo board. They discuss the fintech boom in Latin America and the role of Pismo as a banking and payments infrastructure provider.
“It has never been more crucial to build a seamless product experience, and we believe Pismo will power hundreds of incredible businesses to emerge in LatAm over the next decade,” the executives say.
They share some nice words about Pismo founders and its team: “As we did our work and spoke to the broader LatAm fintech ecosystem, many referenced their deep respect for the team; we heard more than a few times that they’re the ‘best technologists in Brazil’.”
Headline was one of the first venture capital firms to invest in Pismo in 2016. “It was clear that Pismo’s product would be transformative on a global scale, far beyond the borders of Brazil,” says King Goh, Principal at Headline, on its website. “We’re tripling down on Pismo,” writes Goh.
“What took my breath away was how modern Pismo’s technology stack was. It’s a true product-led organization. It was architected with best-in-class microservices infrastructure and APIs designed for financial institutions. This sets them apart from the best Silicon Valley software companies.”
He also says that Pismo “showed me a deployed version of their banking and payments app where consumer financial transactions could be made in real-time, complete with fidelity and detail. It was lightyears ahead of what most other banking institutions around the world could only dream of.”
“That they were doing this for one of LatAm’s largest financial institutions, Banco Itaú, was even more astounding. I immediately knew this is something that all financial institutions, budding fintechs and companies looking to embed financial services would find transformative and groundbreaking,” said King
Pruven, a venture capital platform created in partnership with Prudential Financial, spotlighted our series B funding on its home page: “PruVen is proud to share our latest investment in Pismo, Latin America’s leading cloud-native core processing platform giving banks, fintechs and other financial institutions flexibility and agility to launch products for cards and payments, digital banking, digital wallets and marketplaces.”
Redpoint eventures, another longtime Pismo investor, published a post about Pismo on LinkedIn: “A big congratulations to São Paulo-based Pismo – one of those important infrastructure providers – that is helping our financial systems, “operate faster and more competitively.”
Romero Rodrigues, a partner at Redpoint eventures and a member of our Board, says: “We invested in them because we rarely find such a talented and complementary team of seasoned entrepreneurs. They had already founded a major company before, and are returning to the same industry to redefine the infrastructure of two of the biggest industries in the world: banking and payments.”
Marcelo Claure, CEO at the SoftBank Group International, wrote about the round on his LinkedIn profile, saying Pismo provides “innovative products and seamless experiences”: