Thanks to this relationship, Pismo's global clientele—which includes banks, marketplaces, and fintech companies—can now access Kani's SaaS platform.

Regulatory scheme reporting, fund management, payment processing, and expedited transaction reconciliation are the areas of expertise for Kani Payments, which was founded in 2018. According to the official news announcement, Kani's global reach has advanced with the collaboration with Pismo, which represents its largest client acquisition with significant potential for global expansion.

Since its founding in Brazil in 2016, Pismo has grown throughout Latin America, Europe, North America, and Asia-Pacific. Leading financial institutions worldwide are served by its cloud-native platform, which offers core banking, corporate banking, digital wallets, payment processing, card issuance, lending, and financial asset management services.
 

Among its clients are the Brazilian banks Itaú and BTG. Pismo handles a substantial amount of transactions every year on a global scale involving different accounts and cards that are issued. Visa International paid USD 1 billion to acquire Pismo in January 2024, a sign of the company's significant potential to grow its banking and processing operations internationally.

The platform from Kani Payments helps businesses expand by streamlining reporting, offering useful business intelligence insights, and assisting with industry compliance. Through this agreement, Pismo's clients may take use of Kani's data-agnostic reporting and reconciliation platform, which can quickly reconcile disparate datasets and handle data from any source.
 

Representatives from Kani Payments emphasised in the official press release how their SaaS finance business is scalable and fits perfectly with Pismo's growth potential. Pismo representatives then discussed the advantages of Kani's platform, which speeds up report development and offers insightful data for better decision-making in payments and banking.

Further details regarding the platform of Kani Payments

For fintechs, banks, and payment businesses, Kani Payments simplifies intricate data operations, guaranteeing simple reconciliation and adherence to industry rules. It's important to note that Kani's platform automates intricate Visa GOC scheme reports and Mastercard QMR reports in an effort to enhance financial security and regulatory compliance for companies.

According to the news announcement, Kani Payments has reconciled over EUR 24 billion in processed payments volume. It works with organisations like Sodexo, Transact Payments, Osper, IDT, Moorwand, and Paysafe in addition to supporting fintech startups and scale-ups.

In 2022, Kani Payments was approved to participate in the Mastercard Start Path Global initiative, and in 2023, the FIS Accelerator programme.