Fintech player Technisys raises $50 million in Series C round
Technisys, the Miami-based provider of an innovative digital banking software platform, announced Tuesday it has closed $50 million in a Series C financing round led by Riverwood Capital.
Technisys said the funding will let the company further grow its investments in technology and expand the product portfolio a to support the banking industry in its digital transformation. The capital will also help the company further expand across the United States, Canada and Latin America, as well as to enter new markets such as Europe and increase investments in the company’s market leading Cyberbank Digital and Cyberbank Core platforms, the company said.
“Technisys was purpose-built to help our financial institution customers adapt, innovate and differentiate. Today, our solutions are live in 15 countries with over 50 customers, including Brightside by ATB, HSBC, Banco Itaú, Banco Falabella, Banco Macro, Banco Original, Davivienda, Diners Club and Veloe by Elopar. We are humbled by the trust our customers place in us, and excited by the massive global opportunity ahead to continually provide the building blocks necessary to win in this rapidly changing market,” said Miguel Santos, CEO and founder of Technisys. “Banks will need to differentiate through their customer experience, offering a holistic service that is device agnostic, achieving the best time-to-market when launching new services and anticipating their customer needs.”
Technisys raised a $13 million Series B round in 2014.