Riverwood Capital led a US$50m Series C in Technisys, a digital software platform operating in Latin America, the US and Canada.
(Press Release) Technisys, a leading provider of an innovative digital banking software platform, announced today it has closed a $50 million Series C financing round from Riverwood Capital . The funding will enable the company to continue investing heavily in technology, expanding its product portfolio and achieving global reach to support the banking industry in its digital transformation. In a world that is becoming digital, Technisys is providing both established banks and the new full-digital challenger banks with a highly scalable and flexible software platform that allows its customers to bring positive, smart and compelling experiences to their increasingly demanding digital consumers.
The capital will enhance the company’s capabilities throughout the United States, Canada, and Latin America, open new markets such as Europe, and increase investments in the company’s market leading Cyberbank Digital and Cyberbank Core platforms. Cyberbank Digital offers a cloud-ready, Open API, highly configurable and consistently superior customer experience layer across every mode of interaction: mobile, web, kiosk, and even conversational with Alexa or Google Assistant. Cyberbank Core , the platform designed for digitally native banks offers a cloud-ready, Open API next gen core banking solution built to match the speed, configurability, and security of the most sophisticated financial institution customers globally. Both platforms leverage machine learning and other AI technologies allowing banks and fintech companies to provide smarter experiences to their customers without heavy investments.
“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, among others. 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, Company founder and CEO . “Banks will need to differentiate through their customer experience, offering a holistic service that is device agnostic, achieving the best time-to-market when launching new services and anticipating their customer needs,” he added.
“We have followed the Technisys journey for several years and are impressed with the software platform the Company has built in order to help global financial institutions offer digitally native financial products,” said Francisco Alvarez Demalde, co-Founder and Managing Partner of Riverwood Capital . In addition, highlights Alex Porto, Vice President at Riverwood Capital and Technisys Board Member , ”We are very excited to back and support this management team on their mission to rethink digital banking” . Riverwood joins existing investors Alta Ventures, Kaszek Ventures, Oria Capital and Endeavor Catalyst.
This investment will let the company continue towards its objective of creating winner digital banking experiences with just a few clicks. Technisys’ fullstack digital banking solution constitutes a powerful launching platform for full digital banks and will be key for established banks to effectively transform, leveraging the ecosystem while allowing them to differentiate, empowering innovators to create new digital banking experiences in record time.
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About Technisys
Technisys is the digital banking tech company. It offers solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture is based on innovation, its human capital talent and its vision of the future. Thus, the company becomes a strong ally for its customers in the financial market that need to compete in this new digital age.
About Riverwood Capital
Riverwood Capital is a growth equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale on a global basis. The firm seeks to invest in established businesses with a proven technology and business model, and the proper fit in terms of culture and values, in both minority and control situations. Riverwood has offices in Menlo Park, CA; New York, NY; and Sao Paulo, Brazil. Please visit www.riverwoodcapital.com
