April 12, 2022

#89 - A billion dollar exit 20 years in the making: Miguel Santos, Technisys

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If you told 13-year-old Miguel Santos with his first Apple device that he'd grow up to build his own billion-dollar tech company, he might have had a hard time believing you.

When Miguel started Technisys over 20 years ago, he and his co-founders set up office in a living room with a piano for a desk just as the internet started to become an integral part of everyday life.

Their digital banking solution came about 10 years ahead of its market, long before venture capital had turned to Latin America for investment opportunities, and there was no shortage of additional challenges along the way.

Miguel survived the Argentine crisis of 2001 and went on to become an Endeavor entrepreneur, expand his company to 15 markets serving over 200 million end users, and raise money from big-name VCs like KASZEK and Riverwood Capital.

Technisys was recently acquired by SoFi in a $1.1 billion all-stock transaction.

Miguel and I will be having a chat about:

  • Overcoming bureaucracy and inefficient regulations in developing countries
  • Building and scaling products in traditional sectors
  • And the key factors in pulling off a billion-dollar exit

Building something new? Apply for the Latitud Fellowship at apply.latitud.com

Hellen Villena

Product Marketing Specialist at Latitud

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