It’s official: Visa acquires Brazilian FinTech Pismo for $1B 💸; Nubank & Circle partner up to unlock stablecoin potential in Brazil 🇧🇷; Elon Musk’s 𝕏 receives more money transmitter licenses 🏦

FinTech is Eating the World, 11 December

Hey Everyone,

Happy Monday! I hope you managed to recharge your batteries during the weekend because we’re starting a fresh week strong. Today we’re looking at Visa officially acquiring Brazilian FinTech Pismo (what it’s all about + a deeper dive into the deal & Visa as a long-term investment + bonus resources), Nubank partnering up with Circle to unlock stablecoin potential in Brazil (why this is good + a deeper dive into NU), and Elon Musk’s 𝕏 that just received more money transmitter licenses (why it matters & what’s next + a deeper dive into how Musk wants to replace your bank account within 1 year). Let’s jump straight into the awesome stuff 🌶

It’s official: Visa acquires Brazilian FinTech Pismo for $1 billion 💸

The news 🗞️ Visa V 0.00%↑ just made a major play in the booming Latin American FinTech market by acquiring Brazilian payments startup Pismo for $1 billion.

The deal, which was recently greenlit by Brazil's antitrust regulator CADE, represents Visa's largest-ever investment in the region.

Let’s take a look.

More on this 👉 We can remember that Pismo provides cloud-based financial services infrastructure that enables over 70 million accounts and processes $200 billion in transactions annually.

The acquisition thus gives Visa the capability to offer bank-grade payments processing and card issuance solutions to clients via APIs. Visa also gains support for local payment methods like Brazil's Pix real-time system.

For Pismo, being scooped up by the payments giant opens immense possibilities to scale its innovative offerings across Latin America under Visa's vast network.

The startup scene in Brazil is particularly vibrant - representing 31% of regional FinTech.

✈️ THE TAKEAWAY

Looking ahead 👀 In short, this blockbuster purchase signals Visa's strategy to tap into surging digital finance adoption in emerging markets. With strong synergies in their operations, Visa can leverage Pismo's tech to provide next-gen banking and payments experiences as consumer behaviors rapidly evolve. But there’s more to that…

ICYMI: Prospering amid economic weakness: Visa acquires Brazil's Pismo in one of the largest FinTech M&A deals in LatAm 🤝💰 [a closer look at this deal to see how it perfectly fits into the credit card giant’s long-term strategy & uncovering why Visa is a strong long-term investment (based on DCF analysis, P/E ratios, & macro factors)]

+ you will also unlock 4 Essential M&A Templates to Master the Art of Dealmaking.