Qwist
Latest round
- Series A
Last raised
- Jun 2021
Total raised
- $27M
Investors
- 4
About Qwist
Founded in 2019 and headquartered in Hamburg, Germany, Qwist GmbH provides Open Finance solutions through its innovative API products. The company was previously part of Finleap's portfolio and has undergone a strategic shift as it was fully acquired by Crastorehill in November 2023 to enhance product offerings and expand its market reach.Qwist is a leading provider of Open Finance solutions, specializing in API-driven products that facilitate efficient financial data management and transaction processing across various sectors. Their core offerings include the dgtal SwitchKit Suite, enabling seamless account and portfolio switching for banks and financial institutions in minutes, enhancing customer satisfaction and onboarding processes. The ndgit Open Banking Suite empowers clients to comply with PSD2 and future regulations like PSD3, PSR, and FIDA for data delivery, while the nrich Financial Data Suite provides categorized financial transaction data for verification, de-risking, and upsell opportunities. Additionally, the mbed Digital Lending Suite integrates digital lending into e-commerce platforms, facilitating high-value purchases at competitive interest rates.In 2022, Qwist GmbH generated a revenue of EUR 8,035,195, with an EBITDA loss of EUR 11,094,388. The company’s revenue model is structured around subscription models and partnership agreements with its diverse client base.The recent acquisition by Crastorehill is expected to enhance Qwist’s product offerings and expand its presence in various regions. Specific details about the upcoming products and their expected delivery timelines are not disclosed, but the company aims to enhance its competitive position and broaden its service capabilities.
Who invested in Qwist
4 investors across 1 round
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Funding rounds
Series A
Jun 14, 2021
Amount
$27M
Investors
Questions about Qwist
Who invested in Qwist?
Qwist has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Qwist raised?
Qwist has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Qwist last raise money?
Qwist's most recent round on record is a Series A, in Jun 2021.
What does Qwist do?
Founded in 2019 and headquartered in Hamburg, Germany, Qwist GmbH provides Open Finance solutions through its innovative API products.
Where is Qwist headquartered?
Qwist is headquartered in Hamburg, Germany.
Which VCs invest in companies like Qwist?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Qwist's stage. Their profiles are linked below.
VCs backing software startups at Series A
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