Overview

Twisp provides tools for managing and analyzing financial data in real-time, primarily targeting developers and businesses in the financial sector. Its main products include real-time calculation pipelines, velocity controls for payment systems, live financial insights, and immutable ledgers. These tools enable clients to perform guaranteed calculations, implement controls on payment systems, and access real-time financial data. Twisp operates on a pay-per-use model, allowing clients to pay only for the services they utilize, which is beneficial for startups and growing businesses. The company differentiates itself by offering features like real-time feature extraction for machine learning, protocol adapters for financial network integration, and zero downtime migrations, ensuring seamless updates for clients. The goal of Twisp is to enhance the efficiency and reliability of financial operations for its clients.

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Simplify's Take

What believers are saying

• Rising demand for real-time financial data analytics aligns with Twisp's cloud-based solutions.
• Open banking trends create opportunities for Twisp's protocol adapters to offer integrated services.
• Growing need for immutable ledgers boosts demand for Twisp's cybersecurity-focused product suite.

What critics are saying

• Competition from established fintech companies like Plaid and Stripe is intensifying.
• Customer concerns about data privacy may hinder adoption of Twisp's technologies.
• Rapid technological changes in fintech could render Twisp's offerings outdated without innovation.

What makes Twisp unique

• Twisp offers real-time financial data analytics, enhancing transaction efficiency and reliability.
• The company provides protocol adapters for seamless integration with financial network protocols.
• Twisp's pay-per-use model offers flexible, cost-effective solutions for startups and growing businesses.

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Funding

Total Funding

$2.7M

Below

Industry Average

Funded Over

1 Rounds

$2,700,000

Seed

Nov 2021

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$2.7M

$3M