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Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

TechCrunch · 2y ago

Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal

Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far.

Related News

Visa processing startup Atlys acquires UK-based Artionis

Entrackr

Entrackr · 6m ago

Visa processing startup Atlys acquires UK-based Artionis

Snippets Visa processing startup Atlys acquires UK-based Artionis Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. Shashank Pathak 19 Feb 2025 10:20 IST Follow Us Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. With this acquisition, Artionis UK, which handles UK-to-Russia visas, will help improve Atlys’ European technology. According to Atlys, the deal will allow it to reduce visa paperwork and offer timely services to travelers in the UK, followed by plans to expand in similar European markets, including Germany and France. Artionis is an outsourcing partner for governments, operating in 25 countries with 400 employees in 65 offices. Atlys has acquired its UK branch, which has offices in London, Edinburgh, and Manchester. The four-year-old Atlys aims to make visa-related processes easier. Its tech, the company claims, can reduce visa rejection rates, and streamline processing times to as quick as 55 seconds. The platform covers more than 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa. Atlys has expanded its footprints in key global markets, including the US, UAE, and the UK. It has also bolstered its leadership across product, engineering, and marketing departments. Earlier in September 2024, Atlys had raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital.

Prickly US softens H-1B visa demand

Economic Times

Economic Times · 3m ago

Prickly US softens H-1B visa demand

The number of H-1B visa applications for FY26 dropped 25% to 358,737, with 120,141 shortlisted, due to increased visa costs and economic downturns, prompting layoffs. Factors include a steeper fee now at $215, President Trump's tighter immigration stance, and reduced demand from tech companies like Microsoft and Meta. Students hesitant about Optional Practical Training (OPT) are returning home instead of staying in the U.S., impacting visa application numbers further.

StampMyVisa acquires Kunal Shah-backed travel tech startup Teleport - The Economic Times

Economic Times

Economic Times · 16d ago

StampMyVisa acquires Kunal Shah-backed travel tech startup Teleport - The Economic Times

StampMyVisa, a B2B visa platform, has acquired Teleport, a travel tech startup backed by notable founders like Kunal Shah. This acquisition aims to merge Teleport’s consumer focus with StampMyVisa's infrastructure to enhance visa services across India and Southeast Asia. Founded in 2023, StampMyVisa assists various clients with visa applications for over 60 countries. The company is also seeking $3 million for its next growth phase, aiming to create a seamless visa experience.

Paytm Cloud acquires 25% stake in US-based Seven Technology

Economic Times

Economic Times · 6m ago

Paytm Cloud acquires 25% stake in US-based Seven Technology

Paytm Cloud is investing Rs 8.7 crore ($1 million) to acquire a 25% stake in US-based Seven Technology, as per One 97 Communications' filing. Seven Technology is the parent company of Dinie, a Brazilian API-first embedded finance startup that aids e-commerce platforms in offering financial services to MSMEs in Brazil. This strategic investment aims to enhance Paytm's understanding of the Brazilian market and merchant opportunities, making Seven Technology and Dinie associate entities of Paytm Cloud.

Perfios acquires open finance platform Fego.ai

Livemint

Livemint · 1y ago

Perfios acquires open finance platform Fego.ai

Bengaluru-based fintech firm Perfios has acquired Chennai-based open finance platform Fego.ai. The deal, which was initiated during the Global Fintech Fest 2023, was recently closed. While the deal amount is unknown, it is described as more of an "acqui-hire." As part of the agreement, Fego's 30-member team will join Perfios, with Fego's co-founder S. Kumar Srivatsan leading the product and business unit. Fego had previously pursued acquisition talks with M2P Fintech but the deal did not materialize.

USCIS to conduct second H-1B lottery to meet FY25 limit

Economic Times

Economic Times · 1y ago

USCIS to conduct second H-1B lottery to meet FY25 limit

The US Citizenship and Immigration Services (USCIS) has announced that it will conduct a second round of random selections for the H-1B visa for the 2025 fiscal year. The selections will be made from already submitted registrations for the 65,000 visa limit. The H-1B visa is highly sought after by professionals, particularly from India and China, who work in the tech sector. The selected registrations can file petitions between April 1 and June 30. USCIS will soon notify the eligible applicants of the second round selections through their online accounts.

'Remove H-1B visa, collapse the economy...': Harsh Goenka shares old video of celebrated scientist on 'genius visa'

Business Today

Business Today · 6m ago

'Remove H-1B visa, collapse the economy...': Harsh Goenka shares old video of celebrated scientist on 'genius visa'

In the wake of Donald Trump's re-election, thousands of H-1B visa holders in the US are anxious about potential changes to visa regulations. Despite Trump's stated support for the H-1B visa program, new stricter rules aligned with his executive order on birthright citizenship, effective January 20, pose challenges for those seeking entry into the country. This situation underscores the ongoing uncertainties surrounding immigration policies in the United States.

Trump 2.0 to threaten H-1B plans of tech companies

Economic Times

Economic Times · 1y ago

Trump 2.0 to threaten H-1B plans of tech companies

The possibility of a second Trump administration has raised concerns about the anti-immigration agenda and its impact on the H-1B visa program. The proposed fee hikes for H-1B visas are causing alarm in the tech industry, with registration fees set to increase by 2,050% and application fees by 70% from 2025. There is uncertainty about the future of immigration policies under Trump, as his first administration saw an increase in H-1B visa denial rates. The fee increases will affect the cost of bringing in talent, particularly when there is already a high demand for skilled workers.

Fintech SaaS Startup Signzy Acquires Difenz To Bolster Compliance Solution Offerings

Inc42 · 1y ago

Fintech SaaS Startup Signzy Acquires Difenz To Bolster Compliance Solution Offerings

Fintech startup Signzy has acquired fraud risk management solutions provider Difenz in a cash and equity deal, valuing Difenz at $5 million. The acquisition will strengthen Signzy's AI capabilities and allow it to offer AI-led Know Your Customer (KYC) compliance solutions to financial institutions. The deal also provided an exit to venture capital firm 8i Ventures, which had invested INR 4.5 crore ($600,000) in Difenz's seed funding round. Signzy provides digital onboarding solutions to banks and NBFCs and has raised over $37 million to date.

Niyo Forays Into Flight Booking, Visa Application Verticals

Inc42 · 1y ago

Niyo Forays Into Flight Booking, Visa Application Verticals

Indian fintech startup Niyo has launched a flight booking platform and a visa booking product on its app. The company aims to offer domestic and international flight booking services to its customers. The visa booking product is expected to reduce the application processing time. Niyo recently secured funding from Spring Marketing Capital, but the amount remains undisclosed.

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