Torus
SaaS analytical product for banks and payment service providers to better manage costs on card schemes fees and optimize them by up to 20%.
Business Model: SAAS
Revenue: $0
Employees: 1-10
Rankings
Detailed Torus Information
Geographic Data
Address:
City: Vilnius
State: Vilniaus Apskritis
Zip:
Country: Lithuania
Financial Info
Stage:
pre seed
Raised Last:
$183k
Raised Total:$183k
Social
Metrics
0Website Global Rank
0Website Monthly Traffic
Twitter Followers
Description
Banks and payment service providers have a huge challenge to understand fees by payment schemes like Visa and Mastercard. And on top of that rules are changed often, so a lot of resources are needed to analyze that. This means that they end up overpaying the fees. Torus was formed last year by ex-Mastercard executives to fight this problem. We develop a cloud-based analytical product, which helps banks and payment service providers to control the payment scheme fees and save up to 20% of the costs. Using the data available in banks, Torus solution enables banks and payment service providers to analyze their fees spent on card schemes in a more granular way, reconcile and forecast them as well as unleash the potential for optimization.
Contact Phone:
Contact Email:
| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2021 | Pre Seed Round | 2 | $182.7k |
70Ventures Startup Wise Guys 70Ventures Startup Wise Guys |
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