Technisys, a digital banking software platform company, recently announced it raised $50 million in Series C funding led by Riverwood Capital. This funding round will enable the company. This round of funding will enable the company to further grow its investments in technology and expand upon its product portfolio. Plus it will enable the company to achieve global reach to support the banking industry’s digital transformation.
And Technisys provides challenger and established banks with a highly scalable and flexible software platform for allowing customers to bring positive and compelling experiences to their increasingly demanding digital consumers.
The funding will also enhance the company’s capabilities across the U.S., Canada, and Latin America. And it will enable the company to enter new markets like Europe. Plus the company will be able to increase investments in the company’s market-leading Cyberbank Digital and Cyberbank Core platforms. And the investment will also allow the company to continue its objectives and create winning digital banking experiences with only a few clicks.
Cyberbank Digital provides a cloud-ready Open API that is highly configurable and offers superior customer experience layers across every mode of interaction including mobile, web, kiosk, and conversational with Alexa and Google Assistant. And Cyberbank Core is a platform made for digitally native banks that offers a cloud-ready Open API and next-generation core banking solution built for matching the speed, configurability, and security of the most sophisticated financial institution customers globally.
“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. 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 Technisys CEO and founder Miguel Santos in a statement. “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.”
Both of these platforms leverage machine learning and other AI technologies — which allows banks and financial technology companies to provide smarter experiences for customers without substantial investments.
“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,” added Riverwood Capital co-founding
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.
