Miguel Santos, CEO and founder of Technisys

Digital banking software provider, Technisys, has raised $50 million in a Series C funding round led by Riverwood Capital. The funding is expected to assist the company in its technology investments, product portfolio expansion as well as in its digital transformation.

“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,” said Miguel Santos, CEO and founder of Technisys. “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,” added Santos.

According to the supplier, the new capital will expand the company’s capabilities and market reach across the US, Canada and Latin America. It also aims to increase Technisys’ investments in its Cyberbank Digitial and Core platforms. The Cyberbank Digital platform offers an open API and an enhanced customer experience whereas Cyberbank Core provides a cloud-ready core banking solution for financial institutions.

“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. In addition, highlights Alex Porto, vice president of 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.

Founded in 1995 in Florida, Technisys is a digital banking technology company providing solutions to financial institutions for enhancement in their customer experience, sales, creation of platforms for innovation, engagement with fintech ecosystems through Open APIs and reduction in time-to-market to financial institutions.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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