Pismo Raises $108M Series B Led by SoftBank, Amazon, and Accel
Pismo, a São Paulo-headquartered cloud-native core banking and payments infrastructure provider, announced a $108 million Series B funding round led by SoftBank, Amazon, and Accel. The platform offers API-based banking, payments, and financial markets technology that enables financial institutions to modernize their core systems. Pismo intends to deploy the capital toward global expansion, entering new markets beyond Latin America.
The company will also accelerate development of its cloud-native platform capabilities across banking, payments, and financial markets verticals. The investment from strategic backers like Amazon signals confidence in Pismo's approach to replacing legacy banking infrastructure with modern, cloud-based solutions. The round was part of a broader surge in funding for fintech infrastructure providers during late 2021.
Financial terms disclosed the total raise at $108 million, though valuation details were not publicly shared.
- Validates demand for cloud-native core banking replacements as financial institutions seek to modernize legacy infrastructure
- Strategic backing from Amazon signals potential deeper integration of BaaS infrastructure with major cloud platforms