Deals
Mastercard, Visa Are Among Firms in Talks to Buy Fintech Pismo
- Brazilian company is said to be valued around $1 billion
- Firm provides cloud-based payment and banking platforms
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Mastercard Inc. and Visa Inc. are among the firms negotiating to acquire Pismo, which provides cloud-based payment and banking platforms, said people familiar with the matter.
The Sao Paulo-based company, which is working with Goldman Sachs Group Inc. on a sale, is being valued in the talks at around $1 billion, the people said, asking not to be identified because the negotiations are private. Those interested include a bank and private equity funds, the people said.