UNICORN EXIT ALERT: TECHNISYS!

I want to share that we had a Unicorn exit today: SoFi Technologies, Inc. announced the acquisition of our portfolio company Technisys – a global leader in digital banking for top-tier financial institutions. SoFi is one of the leading fintech companies in the US and is listed in Nasdaq with ticker SOFI. You can see SoFi’s announcement here and a WSJ article about the transaction. This is a 100% acquisition of Technisys, which is valued at $1.1 billion, to be paid in SoFi shares.

I had the privilege to lead Technisys’ series B round in 2014 when we identified an amazing founder team with a great product serving some of Latam’s largest banks. I have accompanied the company as a Board member since then. These have been amazing times with great successes but also a lot of difficult moments. The building of great companies does not go in straight lines all the time. The leadership of Mike Santos, co-founder & CEO, has been amazing during this process. Truly inspiring for other tech entrepreneurs.

I want to congratulate  Mike, his co-founders Adrian and German, and the whole Technisys team for the amazing job they have done creating a global-class technology company from Latin America (which now has a global footprint).

For us, this closes the cycle – from investment, scaling up to divesting – in another key investment in our Fund I, generating an amazing return for our investors. At Dalus we are honored to be part of this incredible growth story!

This entry was posted in Actualidad, Ecosistema, English, Inversiones, Latin America, Venture capital and tagged , , , , . Bookmark the permalink.

2 Responses to UNICORN EXIT ALERT: TECHNISYS!

  1. carolinasky11 says:

    It looks like an amazing founder team. Congratulations to Dalus team also! Tecnysis’ banking infrastructure will undoubtedly be a great ally for banks and fintech. We will see more competition where the differentiator will be new products and services.

    Like

  2. Pingback: Technisys Is Fully Acquired By SoFi And Achieves Unicorn Status | Contxto

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