Technisys bags $50m funding in Series C
Technisys, a provider of banking software technology, has closed a $50 million Series C financing round from Riverwood Capital.
The funding will be dedicated to technology investment, as well as expanding its product portfolio and achieving global reach.
Technisys aims to provide both established banks and the new challenger banks with a software platform “to bring smart experiences to their increasingly demanding digital consumers”.
The capital will help the company expand throughout the US, Canada, and Latin America, open new markets in Europe, and increase investments in the company’s Cyberbank Digital and Cyberbank Core platforms.
Cyberbank Digital offers a cloud-ready, open API solution for mobile, web, kiosk, and even conversational capabilities. Cyberbank Core is described by the vendor as a cloud-ready, Open API next gen core banking solution. Both platforms leverage machine learning (ML) and other artificial intelligence (AI) capabilities, the firm says.
“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,” says Miguel Santos, company founder and CEO.
Riverwood joins existing investors Alta Ventures, Kaszek Ventures, Oria Capital and Endeavor Catalyst.