Today is one of the major milestones in the history of Pismo. We are announcing the signing of our US$ 108 million series B funding round, which will accelerate our global expansion and allow us to develop our market-leading banking and payments platform further. TechCrunch, one of the most prestigious business news websites focusing on startups and innovation, and other news outlets in several countries reported on the announcement.
SoftBank Latin America Fund, Amazon and Accel lead the Series B round with B3, Falabella Ventures, PruVen, and existing investors Headline and Redpoint eventures. By investing in Pismo, these companies express their trust in our ability to become a global leader in cloud-based systems for banking, payments, and financial market infrastructure.
The round happens while the financial services industry is undergoing a significant technological transformation and consumers increasingly demand more innovative products and frictionless experiences. Pismo is well-positioned to provide the technologies that banks and fintechs need to serve their customers worldwide.
Our cloud-native platform for financial services allows our clients to rapidly launch products for cards and payments, banking, digital wallets, and marketplaces. In addition, it enables financial institutions to take charge of their core data and use it intelligently. It’s a future-proof platform that goes well beyond present needs.
With this new funding round, we will invest in our team to further develop our product and transform financial services in more markets. Additionally, our investors will give us access to key people in the financial industry. This will help us hire the best talent available and expand our business worldwide.
- Read the news article on TechCrunch