Technisys, a US-based digital banking tech firm, has raised $50m in a Series C financing round led by Riverwood Capital to support its growth.

Technisys offers solutions that allow banks to improve customer experience, boost sales, and slash time-to-market when launching new financial services.

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Technisys funding round

The company intends to use the capital to bolster its presence across the US, Canada and Latin America.  It will also be used to support the company’s foray into European markets.

Additionally, a part of the capital will be invested in technological development and strengthen the company’s Cyberbank Digital and Cyberbank Core platforms.

Technisys founder and CEO Miguel Santos said: “Technisys was purpose-built to help our financial institution customers adapt, innovate and differentiate.

“Today, our solutions are live in 15 countries with over 50 customers, including Brightside by ATB, HSBC, Banco Itaú, Banco Falabella, Banco Macro, Banco Original, Davivienda, Diners Club and Veloe by Elopar.

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“We are humbled by the trust our customers place in us, and excited by the massive global opportunity ahead to continually provide the building blocks necessary to win in this rapidly changing market.”

The company’s Cyberbank Digital platform is developed to ensure a better customer experience across interaction channels.

Cyberbank Core platform is designed to prop up speed, configurability and security of the banks.

Both the platforms, designed as a cloud-ready and open API solutions, leverage machine learning and other AI technologies.