Fintech Unicorn Startup Pismo Has Many Suitors - Mastercard, Visa And More - Mastercard (NYSE:MA), Visa (NYSE:V)

Mastercard Inc (NYSE:MA) and Visa Inc (NYSE:V), and other rivals negotiated to acquire cloud-based payment and banking platform provider Pismo.
Pismo is working with Goldman Sachs Group, Inc (NYSE:GS) on a sale at a valuation of $1 billion, Bloomberg reports.
The interested parties include a bank and private equity funds.
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Pismo's investors include Softbank Group Corp (OTC:SFTBF) (OTC:SFTBY) Latin America Fund, Amazon.com Inc (NASDAQ:AMZN), Falabella Ventures, and Redpoint eventures.
Itau Unibanco Banco Holding SA (NYSE:ITUB) and Banco BTG Pactual are among Pismo's clients.
Reportedly, Visa submitted a second offer to acquire Pismo last week, valuing the company at $1.4 billion.
Pismo's platforms let banks and financial technology companies rapidly launch products for cards and payments, digital banking, digital wallets, and marketplaces.
Price Action: MA shares closed higher by 0.85% at $354.62 on Monday.

Fintech Unicorn Startup Pismo Has Many Suitors - Mastercard, Visa And More