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The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

469. Overcoming the Odds: Pismo's Journey to Build API-First Banking, Fixing Finance's Broken Core, and the Future of Payments (Daniela Binatti)

Feb 10, 2025
Daniela Binatti, Co-founder and CTO of Pismo, has over 25 years in banking and tech. She discusses the hurdles of outdated banking systems and how Pismo is revolutionizing finance with an API-first approach. Daniela shares insights on cultural transformation in tech, the regulatory challenges in Brazil, and the future of payments, including the role of blockchain. She also reflects on her journey as a woman founder in Brazil, emphasizing resilience, community support, and the importance of a people-centric company culture.
34:19

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Podcast summary created with Snipd AI

Quick takeaways

  • Pismo revolutionizes banking by addressing outdated mainframe system limitations with an API-first approach, offering scalability and enhancing user experience.
  • Navigating regulatory hurdles in Brazil, Pismo combines technological upgrades with cultural transformation to empower financial institutions' modernization efforts.

Deep dives

Founding Journey and Inspiration

Daniela Benacci's career began as a software engineer, where she spent over 16 years developing a payments processing platform in Brazil. Her trip to Silicon Valley in 2016 inspired her to create Pismo, a cloud-native banking and payments platform that leverages SaaS models. Recognizing the limitations of legacy systems, she sought to build a modern platform capable of addressing the industry's challenges, particularly the constraints imposed by outdated technologies. This vision led her to co-found Pismo, aiming to revolutionize the banking sector using contemporary cloud computing solutions.

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