Pismo
BR · São Paulo, Brazil · N/A — now Visa subsidiary
Pismo is a BaaS Provider based in BR (São Paulo, Brazil), regulated by N/A — now Visa subsidiary. The institution's BaaS program is currently acquired, launched in 2016.
Pismo supports the following products and services: Accounts, Cards, Payments, Lending. The bank serves customers across Global (expanding via Visa).
Notable fintech partners include Visa (acquirer).
- Products Supported
- AccountsCardsPaymentsLending
- Geographies Served
- Global (expanding via Visa)
- Charter / Regulator
- N/A — now Visa subsidiary
- API Standards
- REST API
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2016
Visa (acquirer)
None confirmed active
Acquired by Visa for $1B cash (announced June 2023, completed 2024). Cloud-native core banking and card issuer processing platform.
Supports Pix in Brazil. Now expanding globally as Visa subsidiary.
Visa Acquires Brazilian Fintech Pismo for $1 Billion
Visa announced the acquisition of Brazilian fintech Pismo for approximately $1 billion. Pismo provides issuer processing and core banking technology, including support for emerging payment rails like Brazil's Pix. The deal significantly bolsters Visa's capabilities in embedded finance infrastructure and core banking-as-a-service.
Pismo Raises $108M Series B Led by SoftBank, Amazon, and Accel
São Paulo-based cloud-native core banking and payments platform Pismo raised $108 million in Series B funding led by SoftBank, Amazon, and Accel. The company plans to use the capital for global expansion and accelerated development of its banking, payments, and financial markets infrastructure technologies. The round underscores growing investor appetite for API-based BaaS infrastructure providers.
Mastercard Launches Accelerate Program to Fast-Track Fintech Partnerships
Mastercard announced Accelerate, a global initiative to simplify how it works with fintechs. The program includes Fintech Express, enabling card issuance in as little as 4 weeks. Mastercard partnered with certified processors including Pismo, Conductor, and Tutuka to provide Express Onboarding services.