Lithuania
Torus, founded in 2021 and headquartered in Lithuania, is a promising player in the Big Data, Fintech, and Payments industries. The company's mission, as encapsulated by its slogan, "SaaS intelligence platform for banks which helps them to increase their profits on card transactions," reflects its focus on delivering advanced analytics and financial optimization tools.
Torus provides a SaaS platform tailored for banks and fintech entities. The platform excels in enhancing card transaction profitability through deep analytics, allowing card issuers and acquirers to strategically minimize fees payable to Visa and Mastercard. By offering card- and merchant-level profitability analysis, Torus optimizes product pricing and boosts transaction profits.
The company recently secured a €500.00K Pre-Seed investment on 01 December 2023. While details of investors were not disclosed, this funding round signals growing confidence in Torus's market potential. As it continues to innovate within the banking sector, Torus presents a strong opportunity for investors seeking exposure to scalable fintech solutions.
