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

Mastercard Inc MA and Visa Inc V, and other rivals negotiated to acquire cloud-based payment and banking platform provider Pismo.
Pismo is working with Goldman Sachs Group, Inc 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 SFTBF SFTBY Latin America Fund, Amazon.com Inc AMZN, Falabella Ventures, and Redpoint eventures.
Itau Unibanco Banco Holding SA 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.