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New Deal


Announced

Completed

Visa completed the acquisition of Pismo for $1bn.

Financials

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Transaction Value£785m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Majority

Friendly

Brazil

FinTech

cloud-native platform

Acquisition

Private

Single Bidder

Completed

Synopsis

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Visa, a digital payments company, completed the acquisition of Pismo, an issuer processing and core banking platform, for $1bn. “Core banking and issuer processor capabilities are key offerings for many of our financial institution and fintech partners’ clients. With the combination of Visa and Pismo, we can now broaden these offerings and better serve the ecosystem,” Jack Forestell, Visa Chief Product and Strategy Officer.

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