Torus Recognized as a Fast-Growing Fintech Leader in Lithuania on Sifted’s Latest Ranking

Thirty innovative tech startups from Eastern Europe and the Baltics made the list, and we are in 8th place!

31.10.24, Vilnius

Today, on October 31, Sifted released its "Sifted 30," showcasing a leaderboard of the fastest-growing startups across Eastern Europe and the Baltics, ranked by their revenue growth. Notably, Lithuanian fintech company Torus has claimed the 8th position, emerging as the top fintech player in Lithuania within this category.

"We're excited to see Torus empowering banks and paytechs to significantly boost profitability by analyzing, optimizing and predicting Visa and Mastercard fees. The journey has been challenging, but we take pride in our contributions to the Lithuanian and Europe startup scene. A big shout-out to Sifted for highlighting our efforts, and we're committed to moving ahead and continuing to innovate!".

Sergey Lebedev, Co-Founder & CBDO of Torus.

Established in 2021, Torus, based in Vilnius, provides a SaaS intelligence platform designed to help banks enhance the profitability of their card transactions. The platform allows card issuers and merchant acquirers to reduce fees paid to card networks like Visa and Mastercard by effectively analyzing their billing data. Additionally, it enables them to maximize earnings per transaction through detailed profitability assessments and optimized product pricing.

Sifted serves as a prominent media brand for the European startup sector, backed by the Financial Times. This ranking is part of the Sifted Leaderboards, an annual series of regional rankings that spotlight the fastest-growing startups throughout Europe, with a specific focus on Eastern Europe and the Baltics — including countries such as Ukraine, Estonia, Latvia, Lithuania, Belarus, Moldova, Armenia, Georgia, Albania, Bosnia & Herzegovina, Bulgaria, Croatia, Kosovo, Montenegro, North Macedonia, Romania, and Serbia.

2024-10-31 16:41