Technisys closes a US$13 mm Series B Financing Round

Press Release : October 17, 2014

MIAMI, Florida- October 17, 2014 – Technisys (technisys.com), the innovative digital banking technology firm, announced today it has raised US$13 MM in Series B financing with contributions from Intel CapitalAlta VenturesKaSZeK VenturesEndeavor Catalyst and Holdinvest.

The capital will allow the company to expand its business throughout new markets in LATAM and the USA, as well as to invest further in its Cyberbank Omnichannel product, a differentiation tool for its customers in the growing and dynamic digital finance market.

“Internet and new devices have dramatically transformed the financial services industry. This constitutes an unprecedented development opportunity for banks, retailers and other non-traditional financial service providers,” said Miguel Santos, Company founder and CEO. “Banks will need to differentiate through their customer experience, offering a holistic customer service approach that does not rely on the communication device, offering the best time-to-market and providing the services their customers need, before they even realize what their needs are,” he added.

Intel Capital and the group of funds trusted the innovative solutions offered by Technisys.  Key product offerings Cyberbank Omnichannel and Cyberbank Core are based on code-generation tools, an industry-specific, proven methodology and a repository with over 500 reusable components that allow the creation of customized, reliable and scalable digital banking applications in a very short time, on all devices, offering a positive, consistent experience to the customer.

”Digital channel convergence is one of the most relevant trends in digital banking today. Banks need solutions that enhance banking experience across channels increasing revenues opportunities and customer loyalty.  Intel is excited to engage with Technisys as it continues to deliver innovation in this emerging market segment”, said Steven Long, VP of Intel and GM of Latin America.

“Technisys has developed a state-of-the-art product for banks and financial institutions that solves one of their major issues in customer interaction: how to manage, in a coordinated, efficient and consistent way, all their channels, which have grown significantly hand-in-hand with the development of new technologies,” commented Diego Serebrisky, Managing Director of Alta Ventures.

“At Technisys we have found an excellent team and, above all, we were pleasantly surprised by the robustness of their Cyberbank Omnichannel product and the consistently positive feedback received from users. It is clearly a world-class product that allows banks to grow and escalate their business by being far more efficient and offering a better time-to-market vis-à-vis other similar tools. We therefore decided to invest in the Company, and we are very pleased to assist Technisys Technical Team to continue expanding their business both regionally and globally,” noted Hernán Kazah, co-founder and Managing Partner of KaSZeK  Ventures.

“We’re thrilled to contribute to this next phase of Technisys’ future growth,” said Endeavor co-founder and CEO Linda Rottenberg. “We’re very proud of what Miguel Santos, German Pugliese Bassi (Technisys co-founder) and their team have achieved so far and have big expectations for the future.”

In this digital age, where user demands are constantly re-shaped by new technologies, the financial services industry needs to efficiently anticipate these developments.  Technisys is constantly innovating and developing solutions that allow customers to offer the best user experience through multiple devices, bringing them the right product at just the right time.
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About Technisys
Technisys is the omnichannel digital banking company. It offers technology solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture lies on its innovation, its human capital talent and its vision of the future. The digital age represents an unprecedented growth opportunity for the financial service providers, and Technisys helps its customers to differentiate and capitalize it. For more information please visit www.technisys.com or @technisys_com,

About Intel Capital 
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,370 companies in 55 countries. In that timeframe, 207 portfolio companies have gone public on various exchanges around the world and 354 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

About Alta Ventures
Alta Ventures is a venture capital fund focused on accelerating innovation in Latin America. Alta Ventures provides early-stage venture capital to innovative entrepreneurs in high growth sectors including fin tech, mobile, SaaS, and big data. Based in Monterrey, Mexico, Alta Ventures focuses on Latam companies with a regional or global strategy. The Alta team has deep operational and investment experience and an extensive international business network. For more information please visit www.altaventures.com.

About KaSZeK  Ventures
KaSZeK Ventures is a venture capital firm seeking to invest in the high-impact technology industry, especially in Latin America, to promote the growth and developments of companies engaging in this business. In addition to capital, KaSZeK provides entrepreneurs with a diverse operational and strategic know-how, as well as access to its domestic and international contact networks.
KaSZeK Ventures was founded in 2011 by Nicolás Szekasy and Hernán Kazah, former co-founder and CFO of MercadoLibre. They both enjoy unique expertise in facing the challenges of driving a technology firm from its initial garage operations all the way through to NASDAQ. Additionally, they have had significantly impacted the development of the entrepreneurial ecosystem in Latin America.
Since it started operations, KaSZeK Ventures has invested in two funds, namely KV-I (US$95 MM) and KV-II (US$135 MM), as well as in companies based in 6 different countries.
The Company’s investment portfolio includes: BelezaNaWeb, ComparaOnline, dr.consulta, eOtica, GetNinjas, GoIntegro, GuiaBolso, Kekanto, Lulu, MadeiraMadeira, NetCom, Netshoes, Nubank, OpenEnglish, Oppa, Oqvestir, PetLove, Pitzi, Restorando, SaferTaxi, Technisys, Viva Real, Zupcat. Eventioz, acquired by Eventbrite in September 2013, and Pedidos Ya, acquired by Delivery Hero, were also part of the KaSZeK Ventures portfolio.

About Endeavor Catalyst.
Endeavor Catalyst is a passive co-investment vehicle that allows Endeavor Global to invest in Endeavor Entrepreneurs in a neutral, unbiased way. The main goal of this program is to use the returns of the investment to support Endeavor’s operations. The fund also contributes to Endeavor’s mission as it promotes professional third-party angel and venture capital investors to take a stronger interest in emerging market investment opportunities. Learn more about Endeavor Catalyst at: www.endeavor.org/blog/category/in-the-news/#sthash.lTRLHhdN.dpuf

Holdinvest Technology Fund
Holdinvest Technology Fund has invested in technology projects of Latin American entrepreneurs in Seed and Series A Financing Rounds. Founded by Lisandro Bril, Holdinvest has managed the previous US$ 1 Million Series A round of Technisys, funded by argentine family offices.
During the 90s Mr Bril  managed the investments of  i5 (Hicks Muse) Fund in 12 companies , such as AMTEC ( acquired by  Neoris) , Despegar , BonVivir (Now La Nacion Group , B2B Latin America, Gemelo for cloning e-commerce related business models in Latin America. In recent years the activities of Mr Bril lead to structuring AxVentures -Pymar Fund, now invested in Big Data (Gran Data and ZauberLabs), Mobile Games (Pixowl) and Biotech (Keclon).