July 10

Visa’s $1 Billion Acquisition of Pismo Expands Footprint in Latin America

By Ishaan Negi

With the purchase of Brazilian fintech platform Pismo for $1 billion in cash, payments behemoth Visa Inc. has taken a huge step towards growing its influence in Latin America. Despite a recent downturn in fundraising, the sale, which is the largest fintech exit in the area since Nubank’s IPO in 2021, demonstrates increased confidence in Latin America’s fintech industry.

Photo courtesy of Kārlis Dambrāns.

Source: TechStory (link opens in a new window)

Finance, Technology
corporations, financial inclusion, fintech