Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 3 companies across 4 categories.
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Pismo was founded in 2016 in São Paulo as a cloud-native, API-first core banking and card-issuer processing platform targeting Latin American banks and fintechs (Itaú, BTG Pactual). The 2021 Series B brought SoftBank, Amazon and Accel onto the cap table and funded global expansion to the US, UK, India and Singapore. In 2023 Pismo expanded beyond cards and DDAs into digital lending (including BNPL). In mid-2024 Visa acquired Pismo for $1B, positioning it as Visa's vehicle for cloud-native issuer processing and core banking — including support for emerging rails like Brazil's Pix — sold to Visa's financial-institution clients globally.
Other Ledger providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/pismo/install" width="1" height="1" alt="" style="display:none">3 companies disclose Pismo in their stack in the Embedded Finance Index 2026, including Dosh, Iti Itaú and Lunar.
Pismo is an embedded-finance provider in BaaS, Ledger, PSP and Card Issuing. It ranks #14 of 24 Ledger providers by disclosed buyers.
The most-disclosed Ledger alternatives to Pismo are Modern Treasury (35 buyers), Mambu (12 buyers), Formance (11 buyers), Layer (7 buyers), Temenos (7 buyers) and Thought Machine (7 buyers).
Pismo was founded by Daniela Binatti, Juliana Binatti, Marcelo Parise and Ricardo Josua and is founded in 2016, headquartered in São Paulo, Brazil.
Pismo has raised $108M+ (pre-acquisition) in total.
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