Ricardo Josua, CEO of Pismo – Visa’s $1B Acquisition, Going Global From Day One, Building Trust With Fintechs & Large Banks

Sep 12, 2023

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Miguel Armaza sits down with Ricardo Josua, CEO/Co-Founder of Pismo, a global tech company that builds banking and cards solutions for digital banks and large financial institutions. Headquartered in Sao Paulo, Brazil, the company has operations in Latin America, Southeast Asia, Europe, and the US and processes $210 billion dollars in annual transaction volume. Pismo’s investors include Redpoint Brazil, Softbank, Amazon and Accel.

Importantly, back in June 2023, Visa announced a definitive agreement to acquire Pismo for $1 billion in cash. Making it one of the largest fintech acquisitions announced this year worldwide, and certainly the largest one outside of the US. The transaction is still subject to regulatory approvals so we couldn’t talk that much about it.

In this episode, we discuss:

From Brazil to the world – the importance of having a global mindset from day one
Partnering with fintechs and large banks – how Pismo went from mostly fintech clients to selling to some of the largest banks in the world
Building a modern system while still connecting to legacy technologies
Advice for company builders and leaders to navigate both great times and choppy weathers… and a lot more!

Live Recording Alert! Join us for a live Fintech Leaders recording and Happy Hour with Stuart Sopp, CEO & Co-Founder of Current, a multibillion-dollar fintech built in New York City. See you at Barclays Rise New York on Monday, October 16 to kick off New York Tech Week. Register here --> https://bit.ly/3sMaIBj

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Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.

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