By Dave Sebastian

 

Pismo, a Brazil-based banking and payments platform, said it has raised $108 million in a series B fundraising round led by SoftBank Latin America Fund, Amazon.com Inc. and Accel.

Pismo on Tuesday said the funding would support its expansion and the development of its technologies.

Founded in 2016, the company said its platform hosts more than 25 million accounts that transact more than $3 billion a month altogether.

B3, Falabella Ventures and PruVen and existing investors and Headline and Redpoint eventures also participated in the funding round, the company said.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

October 19, 2021 07:44 ET (11:44 GMT)

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