Torus’s Journey to the Top 10: How a Lithuanian Fintech Became One of Eastern Europe’s Fastest-Growing
In the latest “Sifted 30” leaderboard published by Sifted, Lithuanian fintech SaaS startup Torus has made waves, ranking 8th among the fastest-growing tech startups in Eastern Europe and the Baltics. As a standout from our SaaS Milan 2021-22 batch, Torus has not only climbed to the top in Lithuania but has also emerged as a leader among regional fintech innovators.
“What a nice surprise! The first few years at Torus have been quite challenging, so I want to extend huge kudos to our entire team for their unwavering commitment and determination. We are proud of this interim success and our contributions to the Lithuanian startup ecosystem. A big thank you to Sifted for featuring us, and we will continue to push forward!”
About Torus
Founded in 2021 and headquartered in Vilnius, Torus is an award-winning SaaS intelligence platform with a pioneering approach to enhancing profitability for banks and fintech companies on card transactions. Torus offers an advanced analytics platform that provides granular insights into transaction fees, profit margins, and market positioning, enabling financial institutions to optimize card scheme fees and enhance transactional earnings through sophisticated card- and merchant-level profitability analysis.
About Torus How Torus is Redefining Card Profitability
Torus’s platform leverages cutting-edge data analytics and AI-driven insights to offer clients a full spectrum of tools to improve revenue streams from card transactions. By pinpointing potential optimizations in scheme fees and transaction costs, the platform allows card issuers and merchant acquirers to make informed, strategic decisions. Through detailed, real-time data, clients can customize product pricing models, drive revenue growth, and capitalize on new profit avenues.
“Since we began working with Torus, we’ve come to fully appreciate the magnitude and complexity of entering the financial services sector. The resilience and focus demonstrated by the Torus founders have been truly impressive, and their growing list of clients across countries is a testament to their progress and the strength of their vision.”
Torus’s recognition is part of a wider success story for the Startup Wise Guys portfolio. Our VC firm was the most active investor in this year’s Sifted leaderboard, backing seven companies featured in the rankings. This accomplishment underscores Startup Wise Guys’ commitment to supporting high-growth, innovative companies across emerging tech hubs in Europe.
Sifted, a leading European startup media outlet backed by the Financial Times, compiles the annual leaderboard to celebrate the rapid growth of startups across Eastern Europe and the Baltics, spotlighting high-potential companies from Ukraine, Estonia, Lithuania, and beyond. This recognition further emphasizes Torus’s role in driving fintech innovation on a regional and global scale.
