About Twisto
Twisto is a company based in Prague (Czechia) founded in 2013 was acquired by Param in August 2023. It operates as a FinTech, and Pay-per-Use / Usage-Based. Twisto has raised $44.2 million across 5 funding rounds from investors including Zip, ING and Param. Twisto offers products and services including Twisto Account, Twisto Split, and Twisto Picks. Twisto operates in a competitive market with competitors including Flowpay and mallpay, among others.
- Headquarter Prague, Czechia
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Sectors
RetailFinancial 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 Twisto Payments A.S.
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Products & Services of Twisto
Twisto offers a comprehensive portfolio of products and services, including Twisto Account, Twisto Split, and Twisto Picks. 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.
Financial reserve and secure card payments are provided.
Group payments are split easily among friends here.
Curated shopping selections are offered for better choices.
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Funding Insights of Twisto
Twisto has successfully raised a total of $44.2M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $19.49 million completed in January 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 5
- Last Round Series C — $19.5M
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series C - Twisto | Valuation | Zip , Elevator Ventures | |
| May, 2019 | Amount | Series B - Twisto | Valuation | Finch Capital , Velocity Capital | |
| Oct, 2017 | Amount | Series A - Twisto | Valuation | ING |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Twisto
Twisto has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Zip, ING and Param. 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 |
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High-growth tech companies are funded by Elevator Ventures.
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Early-stage tech and offline focused VC firm investing in geographies such as Europe and South East Asia
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Fintech companies are funded by Velocity Capital Fintech Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Twisto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Twisto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Twisto Comparisons
Competitors of Twisto
Twisto 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 Flowpay and mallpay, 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 |
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| domain | founded_year | HQ Location |
Developer of an online marketplace platform for POS lending
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A platform for discount-based payment solutions in online and in-store businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Twisto
Frequently Asked Questions about Twisto
When was Twisto founded?
Twisto was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Twisto located?
Twisto is headquartered in Prague, Czechia.
Is Twisto a funded company?
Twisto is a funded company, having raised a total of $44.2M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5.87M, raised on Nov 01, 2014.
What does Twisto do?
Twisto is established as a financial service provider offering deferred payment options and secure transactions. Services are extended across numerous e-shops, allowing payments to be split into installments or delayed up to 30-45 days without additional costs. Solutions like Twisto Split for group payments and Twisto Picks for curated shopping are also provided. The company operates primarily in the consumer finance sector, focusing on innovative payment methods and financial flexibility for users.
What products or services does Twisto offer?
Twisto offers Twisto Account, Twisto Split, and Twisto Picks.
Who are Twisto's investors?
Twisto has 16 investors. Key investors include Zip, ING, Param, UNIQA Group, and ING Bank.
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