About Pismo
Pismo is a company based in Sao Paulo (Brazil) founded in 2016 by Marcelo Parise, Juliana Binatti Motta, Daniela Binatti, and Ricardo Josua was acquired by Visa in June 2023.. Pismo has raised $108.88 million across 2 funding rounds from investors including Amazon, Visa and Accel. Pismo offers products and services including Card Issuing, Core Banking, Digital Wallets, Digital Lending, and Corporate Banking. Pismo operates in a competitive market with competitors including Belvo, Celcoin, Prime Trust, AuthBridge and Stark Bank, among others.
- Headquarter Sao Paulo, Brazil
- Founders Marcelo Parise, Juliana Binatti Motta, Daniela Binatti, Ricardo Josua
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Pismo Labs Uk Ltd.
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Products & Services of Pismo
Pismo offers a comprehensive portfolio of products and services, including Card Issuing, Core Banking, Digital Wallets, Digital Lending, and Corporate Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for issuing credit, debit, and prepaid cards securely.
System for creating digital banking experiences and managing legacy tech.
Tools to build and manage proprietary digital wallet systems.
Service for offering scalable loan products with quick market deployment.
Platform for managing corporate accounts and multi-region transactions.
System for transaction processing and merchant reconciliation services.
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Software Development Team
83 people
Sales and Marketing
12 people
Human Resources and Administration
11 people
Data Analysis and Operations Team
8 people
Leadership Team
5 people
Product Management Team
4 people
Board Team
3 people
Finance and Accounting
3 people
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Funding Insights of Pismo
Pismo has successfully raised a total of $108.88M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $108 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $108.0M
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First Round
First Round
(30 Nov 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2021 | Amount | Series B - Pismo | Valuation | SoftBank Latin America Fund , Amazon | |
| Nov, 2016 | Amount | Series A - Pismo | Valuation | Redpoint eventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pismo
Pismo has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Amazon, Visa and Accel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in multiple sectors by the fund.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Pruven is engaged in venture capital investments for startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pismo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pismo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pismo Comparisons
Competitors of Pismo
Pismo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Belvo, Celcoin, Prime Trust, AuthBridge and Stark Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Open banking API solutions are developed for financial data aggregation.
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Bill payment platform for businesses
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| domain | founded_year | HQ Location |
Cloud-based AML and banking API solutions are provided for institutions.
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| domain | founded_year | HQ Location |
Identity verification, employee screening, and due diligence platforms are provided.
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| domain | founded_year | HQ Location |
Open banking APIs are provided for banks and financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pismo
Frequently Asked Questions about Pismo
When was Pismo founded?
Pismo was founded in 2016.
Where is Pismo located?
Pismo is headquartered in Sao Paulo, Brazil.
Who is the current CEO of Pismo?
Ricardo Josua is the current CEO of Pismo. They have also founded this company.
Is Pismo a funded company?
Pismo is a funded company, having raised a total of $108.88M across 2 funding rounds to date. The company's 1st funding round was a Series A of $881.24K, raised on Nov 30, 2016.
What does Pismo do?
Cloud-based banking solutions. It offers an API-based solution that enables banks and financial institutions to provide digital services to the end customers. It features a digital banking solution with deposits, savings, and loans, digital wallets with tokens for buyers and sellers, transaction processing and seller management solutions, debit, credit, and prepaid card issuance, and more.
Who are the top competitors of Pismo?
Pismo's top competitors include Celcoin, AuthBridge and Belvo.
What products or services does Pismo offer?
Pismo offers Card Issuing, Core Banking, Digital Wallets, Digital Lending, and 2 more products and services.
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