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Torus Payments Analytics SaaS Wins Title of Fastest-Growing Fintech Startup in Lithuania on Sifted
Sifted published “The Sifted 30”: Eastern Europe and Baltics Leaderboard, which ranks the fastest-growing startups in the region by revenue growth. Lithuanian fintech startup Torus has secured 8th place, becoming the leader among Lithuanian fintech startups in this category.
“We are thrilled to see that Torus is really enabling banks and fintechs to optimise the way they deal with Visa and Mastercard fees and gain double or even triple digit profitability improvement. We believe that the whole global card payments industry lacks transparency when it comes to profitability calculation and scheme fees analysis. And Torus is on a mission to fix this issue. A big thank you to Sifted for featuring us, and we will continue to push forward!”, shares his thoughts CEO of Torus, Kirill Lisitsyn.
Launched in 2021, Vilnius-based Torus offers a SaaS intelligence platform to help banks improve their card transaction profitability. It enables card issuers and merchant acquirers to pay lower fees to card networks like Visa and Mastercard by better analyzing their billing data and earn more per transaction by conducting granular profitability analysis and optimizing product pricing.
Sifted is the leading media brand for the European startup community, backed by the Financial Times. The ranking in question is part of the Sifted Leaderboards, a series of regional rankings compiled annually that recognize the fastest-growing startups across Europe, focusing on Eastern Europe and the Baltics — specifically, Ukraine, Estonia, Latvia, Lithuania, Belarus, Moldova, Armenia, Georgia, Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Kosovo, Montenegro, North Macedonia, Romania, and Serbia.
“The region’s startup scenes are gradually changing for the better — drawing increased interest from budding entrepreneurs and global VCs”, the organizers say in their research report.
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