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