About Qwist
Qwist is a company based in Berlin (Germany) founded in 2014 was acquired by Crastorehill in November 2023. Qwist has raised $27.39 million across 3 funding rounds from investors including SBI Investment, Ilavska Vuillermoz Capital and IBB Ventures. Qwist has completed 1 acquisition, including MyValue Solution. Qwist offers products and services including dgtal SwitchKit Suite, ndgit Open Banking Suite, nrich Financial Data Suite, and mbed Digital Lending Suite. Qwist operates in a competitive market with competitors including Snoop, FloatMe, Circit, Kreditz and armalytix, among others.
- Headquarter Berlin, Germany
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Qwist Gmbh
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$27.39 M (USD)
in 3 rounds
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Latest Funding Round
$26.6 M (USD), Series A
Jun 17, 2021
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Investors
SBI Investment
& 4 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Crastorehill
(Nov 16, 2023)
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Products & Services of Qwist
Qwist offers a comprehensive portfolio of products and services, including dgtal SwitchKit Suite, ndgit Open Banking Suite, nrich Financial Data Suite, and mbed Digital Lending Suite.
Enables efficient digital transfer of accounts and portfolios for banks.
Facilitates compliance with PSD2 and future regulations for data sharing.
Provides real-time financial data categorization and user verification services.
Integrates lending into e-commerce for faster financing and risk insights.
People of Qwist
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Funding Insights of Qwist
Qwist has successfully raised a total of $27.39M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $26.6 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Qwist
Qwist has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include SBI Investment, Ilavska Vuillermoz Capital and IBB Ventures.
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Venture capital funds are managed to support unlisted companies' growth.
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An alternative investment firm focused on defence technology is operated.
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Venture capital firm focused on multiple sectors
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Investor details for Qwist
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Investments & Acquisitions by Qwist
Qwist has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MyValue Solution.
Investment portfolio details for Qwist
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Open banking aggregation APIs are provided to financial institutions.
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Complete acquisition details for Qwist
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Financial Statements - Qwist
Detailed financials for Qwist
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Qwist Comparisons
Peer comparison for Qwist
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Competitors of Qwist
Qwist operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Snoop, FloatMe, Circit, Kreditz and armalytix, among others.
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Expense management for individuals is enabled via a mobile app.
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Online platform for cash advance loans
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Assets are verified by auditors via a digital management platform.
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Provider of credit scoring application for P2P transactions
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Open banking API developed for aggregating multiple bank accounts.
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Detailed competitors of Qwist
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Latest news on Qwist
Complete news archive for Qwist
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Frequently Asked Questions about Qwist
Qwist was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Qwist is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Nicola Breyer is the current CEO of Qwist.
Qwist is a funded company, having raised a total of $27.39M across 3 funding rounds to date.
Qwist was founded in 2014 in Berlin, Germany, and operates as a platform in the open finance sector. Smart data solutions are provided to top-tier banks, leading e-commerce entities, innovative FinTech companies, and other digital businesses. These services enable data value to be unlocked through integration and analysis tools, supporting operations across Europe and beyond.
Qwist offers dgtal SwitchKit Suite, ndgit Open Banking Suite, nrich Financial Data Suite, and mbed Digital Lending Suite.
Qwist has made 1 acquisition, including MyValue Solution.
Qwist has 5 investors. Key investors include SBI Investment, Ilavska Vuillermoz Capital, IBB Ventures, Crastorehill, and Redstone.