Technisys Acquisition, Valuation, Funding & Investors

Technisys was acquired by SoFi for $1.1B in February 2022, a 15.7x multiple on $70M of revenue.

Technisys acquisition price

$1.1B

Acquired by SoFi · Feb 2022

Technisys revenue at acquisition

$70M

Last twelve months · Feb 2022

Technisys revenue multiple at acquisition

15.7x

EV/Revenue · Feb 2022

Cumulative funding Technisys raised

$63M

across 2 funding rounds

Technisys Overview

About Technisys

Technisys is a digital banking platform provider headquartered in Miami, Florida, with offices in Latin America and Europe. The company delivers Cyberbank omnichannel solutions to over 120 financial institutions including Banco do Brasil and Scotiabank, enabling mobile apps, open APIs, and core transformations. Founded in 1995, it processes billions in transactions annually for retail and corporate banking.


Founded

1999

HQ

United StatesMiami, FL

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$70M (Feb 2022)

Valuation

$1.1B (acquired Feb 2022)

Technisys Acquisition

Technisys was acquired by SoFi for $1.1B on 22 February 2022.

The acquisition price implies a 15.7x revenue multiple on $70M of revenue.

Before the acquisition Technisys had raised $63M across 2 funding rounds.

Technisys acquisition details
AcquirerDateTypePriceEV/Revenue
22 Feb 2022Strategic M&A$1.1B15.7x

Technisys Funding History

Technisys has raised a total of $63M across 2 funding rounds.

Technisys' first fundraising round was a $13M Series B in October 2014. The most recent completed round was a $50M Series C in April 2019.

Technisys funding rounds

Technisys funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2019Series CRiverwood Capital (lead)$50MTechnisys, a Miami-based fintech providing a digital banking software platform including Cyberbank Digital and Cyberbank Core, closed a $50 million Series C funding round on April 30, 2019, led by Riverwood Capital, with participation from existing investors Alta Ventures, Kaszek Ventures, Oria Capital, and Endeavor Catalyst. The funds were intended to accelerate technology investments, expand the product portfolio, grow in the US, Canada, and Latin America, and enter Europe to support banks' digital transformation. At the time, Technisys served over 50 customers in 15 countries, including HSBC, Banco Itaú, Banco Falabella, Banco Macro, Banco Original, Davivienda, Diners Club, and Veloe by Elopar. The company had previously raised a $13 million Series B in 2014. Riverwood Capital highlighted Technisys' scalable software platform for delivering digitally native financial products to challenger and established banks, emphasizing its cloud-ready, Open API capabilities across mobile, web, kiosk, and voice interactions like Alexa and Google Assistant. CEO Miguel Santos noted the platform's role in helping banks differentiate through customer experience, fast time-to-market, and predictive services amid rapid market changes.
Oct 2014Series BAlta Ventures Mexico (lead); Intel Capital (lead); Kaszek (lead); Holdinvest; Endeavor Catalyst$13MTechnisys raised $13 million in a Series B funding round on approximately October 17, 2014, led by Alta Ventures Mexico, Intel Capital, and Kaszek, with participation from Endeavor Catalyst and Holdinvest. The company develops digital banking software.

Who has invested in Technisys?

6 investors have backed Technisys across its funding rounds, including Intel Capital, Endeavor Catalyst, Kaszek, Riverwood Capital, Alta Ventures Mexico and Holdinvest.

Lead investors include Riverwood Capital, Alta Ventures Mexico, Intel Capital and Kaszek.


Technisys Investors

Investors in Technisys by funding rounds participated
InvestorHQRoundsRoleFirst check
Holdinvest--1ParticipantOct 2014
Riverwood CapitalUnited StatesSan Francisco, CA1LeadApr 2019
KaszekBrazilSão Paulo1LeadOct 2014
Endeavor CatalystUnited StatesNew York City, NY1ParticipantOct 2014

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Acquisitions by Technisys

Technisys has acquired 1 company to date.

Last acquisition by Technisys was on March 15th 2021. Technisys acquired KONA for undisclosed valuation.


Latest Acquisitions by Technisys

KONA
Description
KONA is a Tel Aviv-headquartered fintech platform leveraging AI to personalize user interfaces in banking apps and payment systems. Deployed by institutions in Israel and Europe, its algorithms analyze transaction patterns to customize dashboards, fraud alerts, and loan recommendations in real time. Integrated with core banking software from providers like Temenos, KONA processes millions of daily interactions to boost customer engagement and reduce churn.
HQ CountryUruguay
HQ City
Montevideo
Deal Date15 Mar 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Technisys Competitors

Technisys competitors include listed companies like Optasia, Shenzhen Sunline, Vitec Software and Donnelley Financial Solutions, and private ones like Caribou and Juniper Square.

Public and private companies comparable to Technisys
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CaribouUnited StatesDenver, COPrivate$11M-$1.1B100.0x
Juniper SquareUnited StatesSan Francisco, CAPrivate$108M-$1.1B10.2x
OptasiaUAEUAEPublicly listed$265M$79M$1.1B3.6x
Shenzhen SunlineChinaChinaPublicly listed$292M$14M$1.1B3.1x
Vitec SoftwareSwedenSwedenPublicly listed$371M$151M$1B3.5x
Donnelley Financial SolutionsUnited StatesUnited StatesPublicly listed$767M$122M$1.2B1.8x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Optasia$265M$79M4.3x3.6x14.5x9.1x
Shenzhen Sunline$292M$14M3.7x3.1x76.1x38.5x
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
Donnelley Financial Solutions$767M$122M1.8x1.8x11.2x5.6x
Bravura Solutions$201M$55M4.9x4.9x17.9x17.0x
Intellect Design Arena Ltd$317M$64M2.8x2.6x13.8x12.7x
PEXA Group$285M$100M3.4x3.4x9.8x9.3x
Fujian Apex Software$87M$28M7.6x7.8x23.6x24.0x

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Common questions about Technisys

When was Technisys founded?Technisys was founded in 1999.
Where is Technisys headquartered?Technisys is headquartered in Miami, FL, United States.
Is Technisys publicly listed?No, Technisys was acquired by SoFi in February 2022.
Who acquired Technisys?Technisys was acquired by SoFi in February 2022.
How much was Technisys acquired for?Technisys was acquired for $1.1B in February 2022, a 15.7x revenue multiple.
How much funding has Technisys raised?Technisys has raised $63M across 2 funding rounds.
What was Technisys' last funding round?Technisys' last funding round was a $50M Series C in April 2019, led by Riverwood Capital.
Who are Technisys' investors?Technisys' investors include Holdinvest, Riverwood Capital, Kaszek, Endeavor Catalyst, Alta Ventures Mexico and Intel Capital.
Which companies are comparable to Technisys?Companies comparable to Technisys include Caribou, Juniper Square, Optasia, Shenzhen Sunline, Vitec Software and Donnelley Financial Solutions.
How many companies has Technisys acquired?Technisys has acquired 1 company, including KONA.

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