FinovateEurope 2017 / Twisto
Presenter Profile:
How they describe themselves: Twisto is on a mission to simplify daily payments, provide customers with flexible credit line and help them regain control over their finances with outstanding experience born in the mobile age.
How they describe their product/innovation: Twisto payment app delivers one click shopping experience paying all daily expenses on behalf of customers. From e-shops to paper invoices to brick & mortar stores, Twisto aggregates all spending into a single invoice. Following the interest free period of up to 45 days, customers can choose to pay in full or spread the payment with one click instalment plans. Other key features include: best FX rate for international transactions with the Twisto card, real-time payment notifications, personal finance management and data driven shopping tips & rewards based on customers spending behavior and preferences.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
Contact
Bus. Dev.: Lukas Janousek, lukas.janousek@twisto.cz, +420 777 577 344
Press: Michal Smida, michal.smida@twisto.cz, +420 774 409 616
Sales: Lukas Hurych, lukas.hurych@twisto.cz, +420 728 118 559
Website: twisto.cz
Twitter: @twistocz
HQ: Prague, Czech Republic
Founded: June 2013
Product Demoed: Twisto payment app
Product Launch: Q2 2017
Metrics: 10 000 new customers per month, over 150 000 in total. 97% positive customer ratings. +92% y/y contribution margin growth, positive transaction economics for 15 months. Default rate on credit below 3% while maintaining above 80% approval rate. 32 employees & 4 dogs.
Presenters: Michal Smida (CEO & Founder), Lukas Janousek (Chief Strategy Officer)
- Key Executives
Michal Smida (CEO & Founder), Michal Krocil (Chief Risk Officer), Viktor Stiskala (CTO), Lukas Janousek (Chief Strategy Officer), Lukas Hurych (Head of Product)
Key Stats
- Key Board Members
Michal Smida (CEO), Michal Krocil (CRO), Viktor Stiskala (CTO)
- Key Investors
Enern.eu, Partners.cz, Miton.cz
- Key Advisory Board Members
Petr Smida (Chairman of Alfa Bank), Pavel Mucha (ex-McKinsey, ex-CEO of Centrum Holdings), Petr Borkovec (CEO & Owner of Partners Financial Services)
- Key Partnerships
WireCard and MasterCard