Kani Payments, a disruptive global data reconciliation and reporting platform, today announced a strategic partnership with issuer processing and core banking platform Pismo. The new partnership with Pismo means Kani’s award-winning SaaS platform will now be available to his Pismo’s global customer base, which includes major banks, marketplaces, and fintechs.
Kani Payments has experienced impressive growth since its founding in 2018, helping clients enhance and accelerate transaction matching, payment and regulatory scheme reporting, merchant payments and protection of customer funds. The partnership with Pismo is a significant step forward in Kani’s global expansion and represents our largest client win with tangible global potential.
Founded in Brazil in 2016, Pismo has rapidly expanded into Latin America, North America, Europe, and the Asia-Pacific region. Pismo’s all-in-one cloud-native platform covers a wide range of products including core banking, payment processing, card issuance, digital wallets, lending, corporate banking, and financial asset management functions. Pismo works with the largest card networks around the world.
Pismo serves global financial institutions such as large Brazilian banks Itaú and BTG, and makes 276 billion API calls and generates USD 208 billion annually across 97 million accounts and over 53 million issued cards worldwide. processing transactions. In January 2024, Pismo was acquired by Visa International in a $1 billion deal, expanding its core banking and issuer processing capabilities across debit cards, prepaid cards, credit cards, and commercial cards for customers around the world. demonstrated the great potential of
Kani Payments’ transaction data reporting and reconciliation platform helps companies drive growth with simplified reporting and actionable business intelligence insights. This enables compliance with industry and regulatory requirements. This new partnership will give Pismo’s clients access to Kani’s proprietary data-agnostic reporting and reconciliation platform. The platform can ingest data from any processor or source and reconcile multiple complex and contrasting datasets in minutes.
Aaron Holmes, Founder and CEO of Kani Payments, commented: “Kani Payments is unique in that we are a truly scalable SaaS fintech company. We are also a perfect match with Pismo as we share our geographic expansion capabilities. Pismo’s cloud-based platform allows teams to quickly As a global company, Pismo shares many of our values and a core purpose of helping businesses become more efficient. They are the perfect partner to help us realize the next phase of our strategy and we look forward to bringing our solutions to the wider market.”
Vishal Dalal, Pismo CEO (North America, EMEA, APAC) added: “Kani Payments joining our network of partners will enable financial institutions to significantly enhance their reporting and submissions. This will provide valuable insights and enable better-informed decision-making. will become possible, creating a new era in banking and payments.”
Industry experts built Kani Payments to do the heavy lifting of simplifying and standardizing complex data. This enables fintechs, banks and payment companies to comply with scheme and industry regulations as well as enable easy reconciliation and reporting. Kani’s platform is the only data reporting and reconciliation tool that can also automate the required output of complex Mastercard QMR and Visa GOC scheme reports, helping businesses prevent financial losses and ensure regulatory and scheme compliance. Designed.
To date, Kani Payments has processed over €24 billion in payments through its award-winning platform, which is available to start-ups and scale-ups across the fintech space, including Sodexo, Transact Payments, Osper, and IDT. , Moorwand, Paysafe.
After announcing acceptance into the Mastercard Start Path Global program in 2022 and the FIS Accelerator program in 2023, Kani Payments will provide automated reporting for fintechs, acquirers, and fintech companies, acquirers, and payment processors; We plan to build on this success in 2024 and beyond by delivering accuracy, compliance, and more. Financial institutions around the world.
