Technisys raises $50M from Riverwood Capital

LatAm ListTechnisys, a digital banking software platform, raised $50M in a Series C investment round led by Riverwood Capital.  

The company will use the investment to expand their product portfolio and invest in their market leading platforms, Cyberbank Digital and Cyberbank Core. Both of these platforms use machine learning and AI technologies to improve customer experience in banks, neobanks, and fintech companies.

“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, Technisys’ CEO and founder.

The funding will help reinforce Technisys’ operations across the United States, Canada, and Latin America, as well as potentially enter new markets in Europe.

“We have followed the Technisys journey for several years and are impressed with the software platform the company has built to help global financial institutions offer digitally native financial products,” said Francisco Alvarez Demalde, co-founding partner and managing partner of Riverwood Capital.

Among Technisys’ past investors are Alta Ventures, Kaszek Ventures, Oria Capital, and Endeavor Catalyst.

Read more on Yahoo! Finance.

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