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 2 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
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Qwist Gmbh
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$27.39 M (USD)
in 2 rounds
-
Latest Funding Round
$26.6 M (USD), Series A
Jun 17, 2021
-
Investors
SBI Investment
& 3 more
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Crastorehill
(Nov 16, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
Unlock access to complete
Funding Insights of Qwist
Qwist has successfully raised a total of $27.39M across 2 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $26.6M
-
First Round
First Round
(09 Sep 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Qwist | Valuation | SBI Investment | |
| Sep, 2015 | Amount | Seed - Qwist | Valuation | IBB Ventures |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Qwist
Qwist has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include SBI Investment, Ilavska Vuillermoz Capital and IBB Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital funds are managed to support unlisted companies' growth.
|
Founded Year | Domain | Location | |
|
An alternative investment firm focused on defence technology is operated.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Qwist
Qwist has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MyValue Solution. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Open banking aggregation APIs are provided to financial institutions.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Qwist
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qwist Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Expense management for individuals is enabled via a mobile app.
|
|
| domain | founded_year | HQ Location |
Online platform for cash advance loans
|
|
| domain | founded_year | HQ Location |
Assets are verified by auditors via a digital management platform.
|
|
| domain | founded_year | HQ Location |
Provider of credit scoring application for P2P transactions
|
|
| domain | founded_year | HQ Location |
Open banking API developed for aggregating multiple bank accounts.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Qwist
Frequently Asked Questions about Qwist
When was Qwist founded?
Qwist was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Qwist located?
Qwist is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Qwist?
Nicola Breyer is the current CEO of Qwist.
Is Qwist a funded company?
Qwist is a funded company, having raised a total of $27.39M across 2 funding rounds to date. The company's 1st funding round was a Seed of $782.57K, raised on Sep 09, 2015.
What does Qwist do?
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.
What products or services does Qwist offer?
Qwist offers dgtal SwitchKit Suite, ndgit Open Banking Suite, nrich Financial Data Suite, and mbed Digital Lending Suite.
How many acquisitions has Qwist made?
Qwist has made 1 acquisition, including MyValue Solution.
Who are Qwist's investors?
Qwist has 4 investors. Key investors include SBI Investment, Ilavska Vuillermoz Capital, IBB Ventures, and Crastorehill.