# Twisto Payment AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/twisto-payment

- Industry: Software
- Headquarters: Prague, Czech Republic
- Website: www.twisto.cz
- Total disclosed funding: $41M
- Latest round: Series C (Jan 14, 2021)
- Investors on record: 7

## About

Twisto Payment A.S. is a Czech Republic-based fintech company specializing in payment solutions, enabling customers to manage their purchases through a seamless online and offline experience.Founded in 2013 in Prague, Czech Republic, Twisto Payment A.S. provides innovative payment solutions. The company has undergone significant growth and strategic changes that have shaped its business operations. In August 2023, Twisto was acquired by Param, expanding its market reach. The company has secured a total of EUR 16.000 mn in funding through its Series C round, with notable investors including Elevator Ventures, Finch Capital, ING Bank, and others. Twisto's founder has a background in the fintech sector, with experience from previous ventures, although specific details on past companies are not available.Twisto offers a comprehensive financial technology platform facilitating purchase and payment management. Its central product is the Twisto app, which presents a 'buy now, pay later' option enabling users to shop seamlessly in both physical and online environments. The app allows users to defer payments for up to 45 days or split larger purchases into three installments without additional fees, catering particularly to tech-savvy consumers in European markets like the Czech Republic, Slovakia, and Poland.In 2022, Twisto reported revenue of EUR 2,826,335, with an EBITDA of EUR -18,882,488. The company's revenue model is based on transaction fees and subscription plans, offering flexible pricing to enhance customer engagement and retention through various plans, including a free Standard plan and a Premium monthly subscription.Twisto is poised for significant growth following its acquisition in August 2023, which will enhance its market reach. The company plans to expand its product offerings and explore new geographical markets as part of its growth strategy. The recent funding will facilitate these initiatives, enabling Twisto to innovate and broaden its consumer base in the fintech space.

## Funding rounds

- Series C, Jan 14, 2021, $19M — ING Bank, UNIQA Group, Finch Capital, Zip Co Limited, Elevator Ventures, Velocity Capital Fintech Ventures
- Series B, May 9, 2019, $16M — ING Bank, UNIQA Group, Finch Capital, ING Ventures, Velocity Capital Fintech Ventures
- Series A, Oct 1, 2017, $5.9M — UNIQA Group, ING Ventures

## Investors

- UNIQA Group — Series A, Series B, Series C
- ING Ventures (https://capitalatlas.ai/funds/ing-ventures) — Series A, Series B
- ING Bank — Series B, Series C
- Finch Capital (https://capitalatlas.ai/funds/finch-capital) — Series B, Series C
- Velocity Capital Fintech Ventures — Series B, Series C
- Zip Co Limited — Series C
- Elevator Ventures (https://capitalatlas.ai/funds/elevator-ventures) — Series C