Visa may announce a deal later this month for the Sao Paulo-based company, said the people, who asked not to be identified because the discussions are not public. A final deal has not been reached and negotiations could still fall apart, they added.
MasterCard and Visa were among the companies vying to acquire Pismo, which may be valued at about $1 billion, Bloomberg News reported in March.
Pismo, co-founded by Daniela Binatti and Ricardo Josuá, empowers banks and financial technology companies to launch card and payment products.
In 2021, the company raised $108 million from investors led by SoftBank Group, Amazon.com, and Accel, according to a statement at the time. The round also included participants such as Falabella Ventures and Headline.
The sale would be a notable exit for the Brazilian venture ecosystem, which also saw NU Holdings, parent company of Nubank, go public in 2021... read more at Valor Econômico 09/06/2023
Visa may announce a deal later this month for the Sao Paulo-based company, said the people, who asked not to be identified because the discussions are not public. A final deal has not been reached and negotiations could still fall apart, they added.
MasterCard and Visa were among the companies vying to acquire Pismo, which may be valued at about $1 billion, Bloomberg News reported in March.
Pismo, co-founded by Daniela Binatti and Ricardo Josuá, empowers banks and financial technology companies to launch card and payment products.
In 2021, the company raised $108 million from investors led by SoftBank Group, Amazon.com, and Accel, according to a statement at the time. The round also included participants such as Falabella Ventures and Headline.
The sale would be a notable exit for the Brazilian venture ecosystem, which also saw NU Holdings, parent company of Nubank, go public in 2021... read more at Valor Econômico 09/06/2023