Home Brazil SoftBank, Amazon, Accel Invest USD108 Million in Brazilian Banking Platform Pismo: LABS

SoftBank, Amazon, Accel Invest USD108 Million in Brazilian Banking Platform Pismo: LABS

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SoftBank, Amazon, Accel Invest USD108 Million in Brazilian Banking Platform Pismo: LABS
Pismo Website Screenshot

Brazilian banking and payments tech platform Pismo raised $108 million in an investment round led by Japan’s SoftBankAmazon and global venture capital firm Accel, it announced on Tuesday.

According to Pismo, which was founded in 2016, its second funding round is aimed at fueling the company’s global expansion and accelerating the development of banking technologies.

Brazilian stock exchange operator B3, Falabella VenturesPruVen and existing investors Redpoint eventures and Headline also joined the round, Pismo said, without disclosing its valuation.

READ ALSO: US startup Deel valued at $5.5 billion after Coatue funding

“Pismo is now ready for a new phase of growth. On the back of this funding round, we will build further on the momentum and scale we already have in Latin America, and accelerate international expansion,” Pismo Chief Executive and co-founder Ricardo Josua said in a statement.

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