FinovateEurope 2018 / Twisto
Presenter Profile:
How they describe themselves: Twisto is delivering simple and fair daily financing to retail customers in the CEE region. Its cutting-edge risk engine Nikita is leveraging non-traditional data sources and machine learning for credit assessment analysing over 400 data points per transaction in milliseconds. Twisto acquires its customers via online merchants with its “Buy now. Pay later solution”. Customers are then offered Twisto Account that provides 1 click instant financing to daily purchases and expenses. Since launch Twisto served over 275 000 customers in Czechia, expanding to Poland in Q1 2018.
How they describe their product/innovation: The first FinTech credit card in the market built on pre-paid card scheme with WireCard and MasterCard. Launched in order to cover 100% of daily financing needs of customers. Twisto Card enables customers to use instant credit everywhere, enjoy instant notifications, favourable FX rate, cashback and UNIQA travel insurance.
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms
Contacts
Bus. Dev.: Lukas Janousek (Head of Strategy & Marketing lukas.janousek@twisto.cz
Press: Jan Hustak (PR) jan.hustak@twisto.cz
Sales: Vaclav Urbanek (Head of Sales) vaclav.urbanek@twisto.cz
Website: Twisto.cz, Twisto.pl
LinkedIn: linkedin.com/company/3493632
Twitter: @twistocz
HQ: Prague, Czech Republic & Warsaw, Poland
Founded: August 2013
Product Demoed: Twisto Account with credit card
Metrics: Raised 8mn EUR equity and 2mn+ EUR debt. 58 employees. 275 000+ customers, 500k monthly visits, 0.6mn EUR revenue in 2017, 80%+ transaction approval rate with single digit default rate.
Presenters: Michal Smida (Founder & CEO), Lukas Janousek (Head of Marketing & Strategy)
- Key Executives
Michal Smida (CEO & Founder), Viktor Stiskala (CTO), Michal Krocil (Head of Risk), Lukas Janousek (Head of Strategy & Marketing), Lukas Hurych (Head of Product), Ondrej Vejdovec (CFO), Vaclav Urbanek (Head of Sales)
Key Stats
- Key Board Members
Pavel Mucha (Partner, Enern), Wouter Goossens (ING Ventures), Michal Boleslawski (Board Member, ING Bank Slaski), Cezary Smorszczewski (Angel Investor & Co-Founder, Alior Bank), Georg Ioannidis (UNIQA Ventures), Petr Borkovec (Owner, Partners)
- Key Investors
ING Ventures, UNIQA Ventures, ENERN (VC), Partners (CVC), Cezary Smorszczewski (Private Investor), MITON (VC) and Founder/Management team.
- Key Partnerships
ING Bank and UNIQA, WireCard, MasterCard