October 16, 2020
This Quarter saw Alacrity Turkey company Pisano secure another US$2.5M in external investment, coming from lead investor Elevator Ventures (EV). The partnership with EV goes back to 2018, when Pisano management met a team from Elevator Ventures parent company RBI, one of the largest banks in Central and Eastern Europe, at an event in London England. A subsequent product demo was a catalyst for Pisano being accepted into the EV FinTech Partnership Program known as Elevator Lab.
Under that program, Pisano successfully completed several Proof-of-Concept (PoC) projects with RBI bank branches in Bulgaria and Kosovo and used the experiences to tailor their customer engagement solutions for the specific needs of the region. This led to discussions with EV about them taking a lead-investor position in an upcoming funding round, and fast-forward to today, the companies enjoy the solid relationship they have.
EV is now both a customer and an investor. This enables them to bring market knowledge and experience to the table as well as funds. Pisano values both, believing strongly that the most successful companies are those who are closest to their customers. This is something they have practiced in the past as well, partnering with Vestel Ventures as investors in 2018 after having the parent company Vestel as a customer for several years.
In terms of applying the new funding, Pisano has the following priorities moving forward:
Pisano realizes the health and stability of the company is as important to their customers as it is to their employees, investors and partners. It is a responsibility management takes seriously, and this new funding makes the company stronger than ever. Particularly in times as challenging as we have all seen recently. The commitment remains to listen to customer needs, innovate, work hard and continue on a path of growth. They are very grateful for the continued investor support. pisano.co/en