Visa offers to buy Pismo

Visa offers to buy Pismo

Corporate & Sovereign Strategy Equity M&A Brazil United States Capital Markets Digital Payments

US financial services company Visa has raised the stakes and offered $1.4 billion to buy Brazilian financial technology firm Pismo, according to a report in local business newspaper Valor Econômico. The Brazilian fintech, which operates a cloud-based banking and payments platform, is said to have rejected an initial $1 billion offer from Visa, according to Valor. Visa, however, declined to comment. Valor also reported that a rival bidder is also in the race to acquire Pismo. Pismo raised $108 mi

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