- Companies
- Technisys
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 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
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
Website
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.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 22 Feb 2022 | Strategic M&A | $1.1B | 15.7x |
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2019 | Series C | Riverwood Capital (lead) | $50M | Technisys, 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 2014 | Series B | Alta Ventures Mexico (lead); Intel Capital (lead); Kaszek (lead); Holdinvest; Endeavor Catalyst | $13M | Technisys 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| -- | 1 | Participant | Oct 2014 | |
| 1 | Lead | Apr 2019 | ||
| 1 | Lead | Oct 2014 | ||
| 1 | Participant | Oct 2014 | ||
This data is available for Pro users. Sign up to see all 6 Technisys investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Montevideo |
| Deal Date | 15 Mar 2021 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Technisys acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $11M | - | $1.1B | 100.0x | ||
| Private | $108M | - | $1.1B | 10.2x | ||
| Publicly listed | $265M | $79M | $1.1B | 3.6x | ||
| Publicly listed | $292M | $14M | $1.1B | 3.1x | ||
| Publicly listed | $371M | $151M | $1B | 3.5x | ||
| Publicly listed | $767M | $122M | $1.2B | 1.8x |
Technisys Public Comps
Technisys is no longer listed, but its public comps include Optasia, Shenzhen Sunline, Vitec Software, Donnelley Financial Solutions, Bravura Solutions, Intellect Design Arena Ltd, PEXA Group, Fujian Apex Software, Mitek Systems and IRESS.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $265M | $79M | 4.3x | 3.6x | 14.5x | 9.1x | |||
| $292M | $14M | 3.7x | 3.1x | 76.1x | 38.5x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $767M | $122M | 1.8x | 1.8x | 11.2x | 5.6x | |||
| $201M | $55M | 4.9x | 4.9x | 17.9x | 17.0x | |||
| $317M | $64M | 2.8x | 2.6x | 13.8x | 12.7x | |||
| $285M | $100M | 3.4x | 3.4x | 9.8x | 9.3x | |||
| $87M | $28M | 7.6x | 7.8x | 23.6x | 24.0x | |||
This data is available for Pro users. Sign up to see all Technisys competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Technisys
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