Twisto Payment AS
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Twisto Payment AS - overview
Established
2013
Location
Prague, -, Czech Republic
Primary Industry
Software
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.
Current Investors
Partners Financial Services, KAYA, UNIQA Group
Primary Industry
Software
Sub Industries
e-Financial, Web Applications, Accounting/Finance Software, Analytics & Performance Software
Website
www.twisto.cz
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Twisto Payment AS - timeline of key events
Twisto Payment AS - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 75,000 | 687,000 | 1,745,000 | 11,428,000 | 20,678,000 | 5,352,000 | 34,944,000 | 35,320,000 | - | - | - |
| % Revenue Growth (YoY) | - | 816.0% | 154.0% | 554.9% | 80.9% | (74.1%) | 552.9% | 1.1% | - | - | - |
| EBITDA (USD) | (371,000) | (4,190,000) | (11,872,000) | (9,997,000) | (44,915,000) | (111,090,000) | (148,679,000) | (149,471,000) | - | - | - |
| Operating Income (USD) | (371,000) | (4,523,000) | (12,752,000) | (10,929,000) | (46,820,000) | (115,900,000) | (163,191,000) | (165,090,000) | - | - | - |
| Operating Margin | (494.7%) | (658.4%) | (730.8%) | (95.6%) | (226.4%) | (2165.5%) | (467.0%) | (467.4%) | - | - | - |
| % EBITDA Margin | (494.7%) | (609.9%) | (680.3%) | (87.5%) | (217.2%) | (2075.7%) | (425.5%) | (423.2%) | - | - | - |
| NET Income (USD) | (377,000) | (4,618,000) | (13,025,000) | (11,368,000) | (49,616,000) | (98,738,000) | (136,764,000) | (124,360,000) | - | - | - |
| % Net Margin | (502.7%) | (672.2%) | (746.4%) | (99.5%) | (239.9%) | (1844.9%) | (391.4%) | (352.1%) | - | - | - |
Twisto Payment AS - employee data
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