Czech fintech company Twisto wins CZK 440m for payment innovations in CE

Published: 02.02.2021 Related countries:  U.S.A. U.S.A.

Czech fintech company Twisto wins CZK 440m for payment innovations in CE

Czech company Twisto has won CZK 440m (roughly $20.5 million USD) from international investors. It will use the capital to innovate deferred payments in the Central European region. Besides the current investors Finch Capital, Velocity Capital, ING bank, and UNIQA, Twisto received money also from the fund Elevator Ventures and Australian ZIP. Twist won over CZK 250m in direct investments. Another CZK 180m was provided in loans from venture debt funds Kreos Capital and Czech Orbit Capital.

Source: CIA News

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