News
Summary
KB (Ivo Pra and Martin Krej\xed) assisted J&T Bank in financing the development of Twisto. In addition to J&T Bank, which provided a loan of CZK 450 million, the financing was also provided by venture debt fund Orbit Capital and its subfund Conseq Venture Debt, which is jointly operated by investment platform Enern and investment company Conseq.Twisto the simplest online payment tool has been used by over 1.7 million customers so far, more than 55% of them from the Czech Republic. Twisto account, the companys main product, is used by over 180,000 customers. Today, the account includes a payment card, a virtual payment card, Apple Pay and Google Pay, Snap an advanced bill payment tool, and Split a tool to divide joint purchases. The transaction builds upon KBs long-standing and unique experience, as KB is one of just a few firms that provides advice to financial institutions and other entities in this segment of financing.For more information click HERE and HERE.