M&A Deal Summary

Visa Acquires Pismo

On June 28, 2023, Visa acquired internet software and services company Pismo for 1.0B USD

Acquisition Highlights
  • This is Visa’s 3rd transaction in the Internet Software and Services sector.
  • This is Visa’s 4th largest (disclosed) transaction.
  • This is Visa’s 1st transaction in Brazil.

M&A Deal Summary

Date 2023-06-28
Target Pismo
Sector Internet Software and Services
Buyer(s) Visa
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Pismo

Sao Paulo, Brazil
Pismo is a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe. Pismo was founded in 2016 and is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

Visa

San Francisco, California, United States

Category Company
Founded 1958
Sector Financial Services
Employees34,100
Revenue 40.0B USD (2025)
DESCRIPTION
Visa office in Foster City, California.
Visa office in Foster City, California.

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries. Visa was founded in 1958 and is based in San Francisco, California.


DEAL STATS #
Overall 15 of 17
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 14 of 16
Country: Brazil M&A 1 of 1
Year: 2023 M&A 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Currencycloud

London, United Kingdom

Currencycloud is a cloud-based platform offers a broad set of APIs enabling banks and financial services providers to offer currency exchange services, including real-time notifications on foreign exchange transactions, multi-currency wallets, and virtual account management. Currencycloud was founded in 2012 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-15 Prosa

México, Mexico

Prosa is a digital payment processor that facilitates transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Prosa is based in México City.

Buy -