Digital banking technology firm Technisys announced it has raised $13 MM in Series B financing from from Intel Capital, Alta Ventures, KaSZeK Ventures, Endeavor Catalyst and Holdinvest.
The capital will allow the Miami-based company to expand its business throughout new markets in Latin America and the USA, as well as to invest further in its Cyberbank Omnichannel product, a differentiation tool for its customers in the growing and dynamic digital finance market.
The company was founded in 1996 by Endeavor Argentina Entrepreneurs Miguel Santos and German Pugliese Bassi, and has grown to employ 300 people across 10 Latin American offices, Endeavor saidin its report. The company’s growth has expanded as the region’s middle class continues to rise; Technisys streamlines savings, payments and loan services held within various applications and provides banks with a simpler, more effective means for customer interaction. The company projects to reach nearly $30 million in revenue this year.
“We’re thrilled to contribute to this next phase of Technisys’ future growth,” said Endeavor co-founder and CEO Linda Rottenberg. “We’re very proud of what Miguel Santos, German Pugliese Bassi (Technisys co-founder) and their team have achieved so far and have big expectations for the future.”
In this digital age, where user demands are constantly re-shaped by new technologies, the financial services industry needs to efficiently anticipate these developments. Technisys is constantly innovating and developing solutions that allow customers to offer the best user experience through multiple devices, bringing them the right product at just the right time.
Posted Oct. 17, 2014