Pismo has raised $120.0M in total across 2 funding rounds.
Pismo's investors include Accel, Alpha Capital Acquisition Company, Elevar Equity, FJ Labs, Headline (formerly e.ventures), H.I.G. Capital, IGNIA Partners, Insight Partners, Kaszek Ventures, Khosla Ventures, Mindset Ventures, Newtopia VC.
Pismo is a cloud-native fintech platform specializing in banking and payments processing, enabling banks, fintechs, retailers, and marketplaces to build core banking, card issuing, digital wallets, lending, and seller management solutions.[1][2][6] Founded in 2016 in São Paulo, Brazil, it serves tier-1 institutions like Itaú, BTG Pactual, B3, and global clients across Latin America, Europe, North America, and Asia, managing over 80 million accounts, 2.2 billion transactions annually ($208 billion in volume), and operating in real-time on AWS infrastructure.[1][2][3][4] Acquired by Visa in June 2023 after raising $108.89M (including a Series B led by SoftBank, Amazon, and Accel), Pismo powers next-gen financial products with modular microservices via APIs, emphasizing scalability, security, and rapid launches.[1][2][4]
Pismo was founded in 2016 by four tech and payments veterans: Daniela Binatti (CTO, 25+ years in tech), Juliana Binatti (CPO, 20+ years in payments), and Marcelo Parise (VP of Engineering, 25+ years in technology), addressing the need for a flexible, cloud-native alternative to legacy banking systems.[2][4] Headquartered in São Paulo with offices in the US, UK, India, Singapore, and remote teams in Australia, the idea emerged from founders' frustrations with rigid infrastructures that slowed innovation for banks and fintechs.[2][3] Early traction came from serving major Latin American players like Itaú (Latin America's largest bank) and BTG Pactual, scaling to global adoption; a pivotal moment was the 2023 Visa acquisition, followed by Vishal Dalal's appointment as global CEO in May 2025, bringing expertise from McKinsey, Citibank, and Barclays.[1][2][3]
Pismo stands out in fintech through its all-in-one, API-first platform of hundreds of microservices, pre-integrated with partners for anti-fraud, KYC, credit analysis, and more, allowing instant product builds without legacy constraints.[1][2][5]
Pismo rides the cloud-native fintech wave, capitalizing on the shift from monolithic legacy systems to modular APIs amid rising digital banking demand post-pandemic.[2][5] Timing aligns with open banking regulations, real-time payments growth (e.g., Pix in Brazil), and embedded finance, where non-banks like retailers issue cards—Pismo processes billions in transactions for such use cases.[1][3][6] Market forces like hyperscaler adoption (AWS) and investor interest (Visa acquisition) favor its scalability; it influences the ecosystem by enabling tier-1 banks like Itaú to innovate faster, neo-banks to compete, and governments to modernize disbursements efficiently.[3][4][6]
Post-Visa integration and Dalal's 2025 leadership, Pismo is poised to expand globally, targeting embedded finance, transaction banking, and virtual accounts amid AI-driven personalization and regulatory pushes for instant payments.[2][6] Trends like programmable money (e.g., CBDCs) and zero-balance card networks will amplify its platform, potentially doubling transaction volumes as more enterprises embed banking.[1][3] Its influence may evolve from regional disruptor to global standard-setter, empowering faster financial inclusion—building on its mission to positively impact lives through cutting-edge, scalable tech.[2]
Pismo has raised $120.0M across 2 funding rounds. Most recently, it raised $110.0M Series B in October 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2021 | $110.0M Series B | Accel, Alpha Capital Acquisition Company, Elevar Equity, FJ Labs, Headline (formerly e.ventures), H.I.G. Capital, IGNIA Partners, Insight Partners, Kaszek Ventures, Khosla Ventures, Mindset Ventures, Newtopia VC, Ribbit Capital, Valutia, Bradley Horowitz, Jamie Sutton, Wences Casares | |
| Nov 1, 2016 | $10.0M Series A | Accel, Headline (formerly e.ventures), Upload Ventures, Valutia |
