# Technisys

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/technisys

- Industry: Software
- Headquarters: Miami, US
- Website: www.technisys.com
- Total disclosed funding: $64M
- Latest round: Series C (Apr 30, 2019)
- Investors on record: 6

## About

Technisys SA is a digital banking solutions provider that enhances the customer experience for financial institutions through innovative technology offerings.Founded in 1995 and headquartered in Miami, US, Technisys SA specializes in digital banking solutions tailored for financial institutions. The company was founded by Adrián Iglesias, German Bassi, and Patrice Embry, and is currently led by CEO Miguel Santos. In February 2022, Technisys was acquired by Social Finance, Inc. for approximately USD 1.1 billion, marking a significant milestone in its history. The company has engaged in 4 deals, with its most recent funding round being an Add-on Trade Sale, raising a total of USD 50.00 mn.Technisys specializes in providing digital banking solutions designed to streamline and enhance the customer experience for financial institutions. Their core product offerings include a comprehensive banking platform that integrates various services such as account management, payment processing, and customer relationship management. By leveraging advanced technology, Technisys aims to empower banks and fintech companies to offer personalized, efficient, and secure banking services to their customers. Their solutions are utilized by a diverse range of clients, including traditional banks, neobanks, and credit unions, primarily in markets such as Latin America, North America, and select regions in Europe. This geographical focus allows the company to address specific banking needs and regulatory requirements pertinent to these areas, facilitating the digital transformation of financial services.Technisys generates revenue through a subscription-based model, where clients pay for access to their digital banking platform and associated services. This transaction structure typically involves annual contracts, allowing financial institutions to leverage the company’s technology to enhance their offerings without significant upfront capital expenditure. Clients may also engage in partnerships that enable joint marketing efforts or bundled service offerings, further expanding the reach and functionality of Technisys's solutions. The revenue streams are driven by flagship products that provide critical banking functionalities, ensuring that clients can offer competitive services to their end-users. By focusing on B2B transactions, Technisys cultivates long-term relationships with its clients, fostering a steady revenue flow as financial institutions continually seek to improve their digital banking capabilities.Moving forward, Technisys plans to leverage the recent acquisition by Social Finance, Inc. to develop additional products and enhance its current offerings. The company aims to expand its market presence by targeting new regions, with particular emphasis on growing its client base in Europe and North America by 2025. The USD 1.1 billion raised in the most recent funding round will support these initiatives, facilitating the development of innovative banking solutions and enabling other banks and financial technology companies to utilize Technisys's platform.

## Funding rounds

- Series C, Apr 30, 2019, $50M — Riverwood Capital
- Series B, Oct 17, 2014, $13M — Intel Capital, Alta Ventures Mexico, Kaszek Ventures, Ax Ventures, Endeavor Catalyst
- Series A, Jul 23, 2008, $1M — Ax Ventures

## Investors

- Ax Ventures (https://capitalatlas.ai/funds/ax-ventures) — Series A, Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- Alta Ventures Mexico (https://capitalatlas.ai/funds/alta-ventures-mexico) — Series B
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series C