Pismo

What Pismo does

Pismo is a cloud-native, API-driven core banking and payments processing platform founded in 2016 in São Paulo, Brazil, and now operating as a wholly-owned subsidiary of Visa Inc. following its approximately $1 billion cash acquisition in January 2024. The platform unifies five product modules — Core Banking (including Corporate Banking), Card Issuing, Digital Wallets, Digital Lending, and Seller Management — on a shared event-driven microservices architecture deployed across multi-region Amazon Web Services infrastructure with a stated 99.99% uptime SLA and load-tested capacity of 25,000 transactions per second (3,000+ TPS per individual account). It is certified for PCI-DSS, SOC 1, and SOC 2, and supports compliance with GDPR, CCPA, GLBA, and PIPEDA, with phased migration tooling proven to move millions of accounts off legacy cores.

The company serves a diversified client base spanning tier-1 banks (Itaú Unibanco, BTG Pactual, Citi, Wells Fargo, Westpac), large retailers (Falabella), and a long tail of fintechs and neo-banks (Cora, NG.CASH, Flash, Cumbuca, Vivi Money, Tyro, Lunar Bank, T2P, Grow, Zenith Leisure). As of October 2021 the platform served more than 25 million accounts and processed over $3 billion in monthly transactions, with operations now spanning more than 40 countries and offices in Brazil, the UK, the US, Singapore, and India. GTM combines enterprise field sales, a developer-led self-serve portal (developers.pismo.io), channel partnerships (notably Visa's banking network, Novatti for BIN sponsorship, Circle Asia, and Westpac), and event-led demand generation (Money 20/20, Febraban Tech, Fintech Americas).

Revenue mechanics are subscription and usage-based, with account-based unit pricing (notably for the digital lending module), custom enterprise quotes, and professional services revenue tied to legacy migration projects; pricing is not publicly disclosed and prospects are routed to "Talk to our specialists" CTAs. The organization runs on a 501–1,000 employee base, 72% of whom are engineers, and is led by SVP and General Manager Leonardo J. Collado following the April 2026 departure of CEO Vishal Dalal to Fiserv; co-founders Daniela Binatti (CTO), Juliana Binatti (CPO), and Marcelo Parise (VP of Engineering) continue to anchor technology leadership.

Name

Pismo

Legal name

Pismo Technological Solutions Ltd.

Website

https://pismo.io

Company type

Private

Founded year

2016

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Pismo provides a cloud-native, API-driven core banking and payments platform serving tier-1 banks, fintechs, and retailers across 40+ countries; it operates as a wholly-owned subsidiary of Visa Inc. following its 2024 acquisition.

Ownership category

akta.pro rank

Product category

Core Banking Software

NAICS

Credit Card Issuing (522210), Software Publishers (51321)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Card Issuing Platforms (Issuer Processing) (FSAGABAD)

akta.pro secondary industries

Card Issuing & Program Management Platforms (BPAMAFAH), Cards & Issuing Management (Debit/Prepaid/Credit, Program Management) (FSAGAAAE), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)

Keywords

• Cloud-native banking platform
• Core banking software
• Card issuing infrastructure
• Digital wallet platform
• Payment processing API

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Account-based SaaS platform subscription: Recurring SaaS platform fees for core banking, card issuing, digital wallets, lending, and seller management modules, priced per account without extra infrastructure fees.
2. Usage-based / consumption pricing: 'Pay only for what you need' model aligns revenue to platform usage, transaction volume, and active accounts.
3. Implementation and migration professional services: Revenue from migration of accounts from legacy systems to Pismo's platform, leveraging proven migration expertise for large banks and retailers.
4. Managed card issuing and processing services: Managed services revenue from end-to-end card issuing (credit, debit, prepaid, virtual, one-time cards) and transaction authorization, clearing, and settlement.

Pricing tiers

Go-to-market motion5 records

Distribution channels1 record

Marketing channels9 records

Core offering

Pismo provides a 100% cloud-native SaaS processing platform for banking, payments, and financial markets infrastructure, unifying core banking, card issuing, digital wallets, digital lending, and seller management in a single API-driven product suite. The platform enables banks, fintechs, and large retailers to issue cards, manage accounts, run digital wallets, originate loans, and process seller/merchant transactions with real-time processing (3,000+ TPS per account), 99.99% uptime on multi-region AWS, and phased migration off legacy systems.

Product overview

Pismo is a platform-plus-modules architecture delivered as a single, all-in-one cloud-native API platform for banking and payments. The Pismo Platform serves as the unified foundation, with five core product modules sitting on top: Core Banking (including Corporate Banking), Card Issuing, Digital Wallets, Digital Lending, and Seller Management. These modules share event-based microservices, an extensive API library, and AWS-hosted multi-region infrastructure, enabling banks, fintechs, and marketplaces to issue cards, manage accounts, run digital wallets, originate loans, and process seller/merchant transactions in a unified environment. The platform also offers developer tools, including guides, API reference, Postman collections, and a changelog, supporting phased modernization of legacy systems for tier-1 banks, retailers, and neo-banks.

Differentiator

Problem solved

Functional benefit

Brands

• Pismo Core Banking: Cloud-native core banking SaaS platform offering retail, digital, and corporate banking capabilities including accounts, payments, and transaction processing.
• Pismo Card Issuing
• Pismo Digital Wallets
• Pismo Digital Lending
• Pismo Seller Management
• Pismo Corporate Banking

Products and services

• Pismo Platform All-in-one cloud-native API platform for banking and payments that unifies Core Banking, Card Issuing, Digital Wallets, Digital Lending, and Seller Management modules. Built on multi-region AWS infrastructure with 99.99% uptime, event-based microservices, and an extensive API library with hundreds of integration endpoints, targeting banks, fintechs, and large retailers globally.
• Core Banking Cloud-native, 100% API-based SaaS core banking platform supporting retail, digital, and corporate accounts with real-time, granular balance control, live data streaming, and 3,000+ transactions per second per account. Includes proven migration expertise for transitioning accounts off legacy batch-based systems, and serves banks, digital banks, and fintechs modernizing their core.
• Corporate Banking Cloud-based corporate banking module enabling banks to create and manage corporate demand deposit accounts (DDAs) and complex operations across a multi-country, multi-region, and multi-branch structure. Supports current, overdraft, virtual, multi-currency, nostro, and corporate card accounts, targeting banks serving large corporates with transaction banking needs.
• Card Issuing Cloud-native, 100% API-based card issuing platform supporting Visa, Mastercard, and private label programs. Enables issuance of credit, debit, and prepaid plastic cards, virtual cards, and one-time cards for specific merchants and transactions, with end-to-end authorization, clearing, and settlement.
• Digital Wallets Digital wallet platform offering three solutions: Card Ready for Digital Wallets (tokenization for Apple Pay and Google Pay), Card On File (storing third-party issuer cards), and Account Digital Wallets (P2P/P2M, closed/open-loop). Supports native tokenization across Visa and Mastercard for card issuers, fintechs, and digital wallet providers.
• Digital Lending Cloud-native, API-based digital lending platform supporting BNPL, personal loans, business loans, auto loans, educational loans, and mortgages. Features complete lifecycle management, composable rules/parameters, real-time data streams, and account-based pricing with no per-transaction or hidden fees, targeting banks, fintechs, and lenders.
• Seller Management Transaction processing and seller management infrastructure for marketplaces, digital wallets, e-commerce payment facilitators, acquirers, and in-store sales. Supports split payments, fees/commissions, multi-country/multi-currency settlement, reconciliation, statements, and flexible schedules, targeting large retailers and marketplaces such as Falabella.

Quantifiable outcome

• 31% IT cost reduction for Itaú after migrating to Pismo
• +8 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability12 records

Feature11 records

Partnerships

Ten partnerships are on record, tiered flagship infrastructure partner, parent company / strategic acquirer, strategic bin sponsorship partner, co-launch partner for vietnam market entry, flagship regional co-launch partner, channel partner for india travel/forex segment, flagship nordic market entry partner, flagship thai market entry partner, flagship australian payments partner and flagship australian ai-native launch partner.

• Amazon Web Services (AWS)flagship infrastructure partnerTechnology or IntegrationPismo's platform is built on multi-region AWS infrastructure providing 99.99% uptime. AWS is the only listed sub-processor in Pismo's Data Processing Agreement, responsible for data hosting, security, and resilience across all Pismo services.
• Visa Inc.parent company / strategic acquirerStrategic or Co-development PartnerVisa completed its acquisition of Pismo in January 2024 for approximately $1 billion. Pismo operates as a Visa-owned unit, and its platform is offered as part of Visa's value-added services to banks and merchants globally. Wells Fargo's planned migration to Pismo's core account ledger was announced during Visa's Q2 2026 earnings call.
• Novattistrategic bin sponsorship partnerTechnology or IntegrationProvides BIN sponsorship for Visa debit card programs running on Pismo's core banking infrastructure (e.g., Vivi Money's globally accepted Visa debit card), enabling Australian fintechs to launch on Pismo.
• Circle Asia Technologiesco-launch partner for vietnam market entryStrategic or Co-development PartnerCo-developing Vietnam's first AI-powered PayLater card with Pismo and Visa, scheduled for phased rollout in early 2026. The card uses AI for risk assessment and underwriting to offer instant approval and flexible installment options.
• Westpacflagship regional co-launch partnerStrategic or Co-development PartnerLaunching a digital fleet payments product in Australia with Visa, running on Pismo's cloud-based banking platform and Visa Fleet 2.0. Marks Westpac's first fleet partnership in Australia, with rollout planned for the second half of 2026.
• Zenith Leisure Holidays Ltd. (Zenith Forex)channel partner for india travel/forex segmentChannel Partner/ Reseller/ DistributorPartnered with Pismo to launch a multi-currency Visa prepaid Forex card targeting Indian travelers. Leverages Pismo's cloud-native banking platform; plans to expand into Enterprise and Student Forex Cards.
• Lunar Bankflagship nordic market entry partnerStrategic or Co-development PartnerFirst Nordic bank to process Visa cards using Pismo's cloud-native platform, going live in early 2026. The migration enables AI-powered fraud protection and faster independent product launches.
• T2P (Thailand)flagship thai market entry partnerStrategic or Co-development PartnerFirst Thai bank to migrate to Pismo, marking Pismo's entry into the Thai market. Cited as a phased modernization customer example.
• Tyroflagship australian payments partnerStrategic or Co-development PartnerAustralian payments and cashflow solutions company that adopted the Pismo platform in January 2024 to speed up innovation and expand its market presence.
• Vivi Moneyflagship australian ai-native launch partnerStrategic or Co-development PartnerAustralian AI-native financial intelligence platform built on Pismo's core banking infrastructure and connected to Visa's global payments network via Novatti's BIN sponsorship, with international expansion planned.

Scale indicators15 records

Recent moves11 records

Expansion highlights7 records

Emerging players

• Stripe Issuing: Stripe's embedded card issuing API used by fintechs and platforms (Shopify, Ramp, Brex). Competes with Pismo's Card Issuing module for digital-first and fintech customers, particularly US-based fintechs and platform players where Stripe has strong distribution.

Broad incumbents

• Finastra: London-based broad incumbent in financial services software offering core banking, lending, and treasury solutions globally. Competes with Pismo on tier-1 core banking modernization RFPs but as part of a much wider product portfolio rather than a cloud-native specialist.
• FIS: US-listed global incumbent in banking and payments technology (FIS Profile, FIS Digital One) competing for core banking and card processing RFPs against Pismo. Recently hired former Pismo CEO Vishal Dalal as Chief Product Officer for Financial Solutions, directly linking FIS to Pismo's competitive landscape.
• Fiserv: US-listed global incumbent in merchant acquiring, core banking, and card services (Fiserv DNA, Clover) competing broadly with Pismo's Core Banking, Card Issuing and Seller Management modules across tier-1 banks, merchants, and fintechs.
• Temenos: Swiss-listed incumbent offering core banking, digital, and payments software to over 3,000 financial institutions. Competes with Pismo in tier-1 core banking RFPs, particularly in EMEA and emerging markets where Pismo has been expanding (Lunar, T2P).

Direct peers

• 10x Banking: London-based cloud-native core banking platform that has won major tier-1 deals (JPMorgan, Westpac, Old Mutual). Directly competes with Pismo for the same tier-1 bank core replacement RFPs, particularly in EMEA and APAC where Pismo has been expanding.
• Thought Machine: UK-based cloud-native core banking platform serving tier-1 banks (Lloyds Banking Group, JPMorgan, Standard Chartered) with a comparable vault architecture and API-first design. Directly competes with Pismo's Core Banking and Corporate Banking modules for tier-1 core replacement RFPs.
• Marqeta: US-listed modern card issuing and payment processing platform serving fintechs (Block, Affirm, Cash App) and embedded finance use cases. Direct overlap with Pismo's Card Issuing and Digital Wallets modules, particularly for fintech and digital wallet customers.
• Galileo Financial Technologies (SoFi): SoFi-owned cloud-based payment processing and card issuing platform serving fintechs and banks. Closely comparable to Pismo's Card Issuing and Digital Wallets modules, with similar API-first architecture and large-scale transaction processing credentials.
• Mambu: Berlin-based cloud-native core banking SaaS platform serving banks, fintechs, and lenders globally (N26, OakNorth, ABN AMRO). Competes directly with Pismo's Core Banking and Digital Lending modules across both tier-1 banks and digital challengers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/pismo_io
• LinkedInlinkedin.com/company/pismo
• Instagraminstagram.com/pismo.io
• Facebookfacebook.com/pismolabs

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds3 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pismo