Torus
Vilnius · Founded 2021
About Torus
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.
Company Facts
- Founded: 2021
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Total funding: $2.3M
- Funding stage: Seed
- Last round: Seed (Sep 2025)
- Website: https://torusadvisors.com
- Phone: [email protected]
Industries & Categories
Banking, Big Data, FinTech, Payments, SaaS
Social Profiles
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