Startup Wise Guys

Torus is a technology company established by former executives from Mastercard, aimed at addressing the complexities banks and payment service providers face in managing payment scheme fees. The company offers a cloud-based software-as-a-service platform that enables these financial institutions to gain deeper insights into their card transaction costs. By leveraging existing data, Torus provides tools for detailed analysis, reconciliation, and forecasting of fees associated with payment schemes like Visa and Mastercard. This analytical capability helps clients identify cost-saving opportunities, streamline their operations, and potentially reduce expenses by up to 20%. Torus's solutions empower banks and payment service providers to enhance their profitability on card transactions while optimizing product pricing and eliminating inefficiencies in transactional profitability.

TeklifimGelsin is a personalized financial platform designed to connect users with various financial institutions, enabling them to compare offers tailored to their specific needs. The platform facilitates quick applications, allowing users to finalize transactions in under 40 seconds. It provides a range of complimentary services, including loans, investment products, and insurance, while also offering insights through its Credit Score Report. By integrating with banks, credit reference agencies, and insurance companies, TeklifimGelsin enhances the user experience by delivering instant access to customized financial solutions, including loans, deposits, credit cards, and insurance offerings. The company continuously develops its framework to address users' financial challenges and improve their financial decision-making processes.

SmartBill is a banking API solution for banks and financial institutions. It enables access to the banking and financial data of customers via open banking regulations. Its product line also includes Consent Comes First for consent management, Identity Now for fraud detection and prevention, Affordability Checker for creditworthiness assessment, and Profile 360 for understanding consumer demands.

Sweephy is a platform that specializes in AI-driven regulatory compliance monitoring services, focusing on organizations in sectors such as FinTech, small banking, and stock trading. The platform continuously scans for regulatory changes across Europe, Turkey, and the UK, providing instant notifications to help organizations maintain compliance and mitigate risks associated with non-compliance. Sweephy's offerings include regulation monitoring for 27 EU countries, compliance monitoring, credit risk scoring, and financial regulation analytics, facilitating informed decision-making for mid- to long-term strategies. By integrating directly with regulatory data sources, Sweephy streamlines compliance management, delivering real-time updates, custom notifications, and instant alerts. Additionally, the platform features an API that allows for seamless integration with internal systems, improving operational efficiency. Sweephy also provides specialized development services to help organizations align their operations with complex regulatory requirements, offering tailored solutions to enhance both compliance and operational effectiveness.

Okredo is an open data platform that specializes in providing data and insights aimed at enhancing sales and mitigating credit risk. It develops a business intelligence platform that aggregates and analyzes diverse types of data, including financial reports, credit ratings, and directories. Through its services, which are available in both freemium and premium tiers, Okredo supplies companies with critical information on creditworthiness, such as scores and limits, enabling informed decision-making regarding collaborations and investments. While currently operating in Lithuania, Okredo is in the process of scaling its services to Latvia, Poland, the UK, and other European countries.

Jeff is a personalized loan broker that connects borrowers with lenders by utilizing alternative data to assess creditworthiness. Founded in 2019 and based in Riga, Latvia, Jeff aims to provide financial services to the unbanked population who lack traditional credit histories. By gathering data from various digital sources such as smartphones, social media, and geolocation, Jeff creates innovative solutions to evaluate potential borrowers’ credit profiles. The company’s platform allows users to search, compare, and secure loan offers conveniently while also offering loan-related advice. Through its unique approach, Jeff fosters access to financing and aims to establish a new standard for alternative credit scoring.

Jeff is a personalized loan broker that connects borrowers with lenders by utilizing alternative data to assess creditworthiness. Founded in 2019 and based in Riga, Latvia, Jeff aims to provide financial services to the unbanked population who lack traditional credit histories. By gathering data from various digital sources such as smartphones, social media, and geolocation, Jeff creates innovative solutions to evaluate potential borrowers’ credit profiles. The company’s platform allows users to search, compare, and secure loan offers conveniently while also offering loan-related advice. Through its unique approach, Jeff fosters access to financing and aims to establish a new standard for alternative credit scoring.

Okredo is an open data platform that specializes in providing data and insights aimed at enhancing sales and mitigating credit risk. It develops a business intelligence platform that aggregates and analyzes diverse types of data, including financial reports, credit ratings, and directories. Through its services, which are available in both freemium and premium tiers, Okredo supplies companies with critical information on creditworthiness, such as scores and limits, enabling informed decision-making regarding collaborations and investments. While currently operating in Lithuania, Okredo is in the process of scaling its services to Latvia, Poland, the UK, and other European countries.

Torus is a technology company established by former executives from Mastercard, aimed at addressing the complexities banks and payment service providers face in managing payment scheme fees. The company offers a cloud-based software-as-a-service platform that enables these financial institutions to gain deeper insights into their card transaction costs. By leveraging existing data, Torus provides tools for detailed analysis, reconciliation, and forecasting of fees associated with payment schemes like Visa and Mastercard. This analytical capability helps clients identify cost-saving opportunities, streamline their operations, and potentially reduce expenses by up to 20%. Torus's solutions empower banks and payment service providers to enhance their profitability on card transactions while optimizing product pricing and eliminating inefficiencies in transactional profitability.

Scoriff is an innovative business credit scoring company that leverages artificial intelligence and machine learning to assess the likelihood of default events among businesses worldwide. By utilizing only web data, Scoriff develops credit scoring models that significantly lower data acquisition costs, allowing for a more efficient evaluation process compared to traditional methods. This approach enables Scoriff to provide insights on companies that are typically deemed "unscorable" and to effectively tap into the global small and medium-sized enterprise credit rating market through affordable solutions. The company's focus on behavior-based scoring empowers businesses to make informed credit decisions without relying on conventional financial data.

Ninja Lender is a business-to-business marketplace based in Kyiv, Ukraine, that facilitates the buying and selling of rejected loan applications. Founded in 2018, the company aims to enhance financial inclusion by connecting borrowers whose applications were declined with alternative lenders. Utilizing an API for data exchange with financial institutions, Ninja Lender also offers a web application for borrowers to provide additional information and necessary permissions. As a financial intermediary, Ninja Lender generates revenue by charging brokerage fees on the data related to applications that secure financing. This innovative platform not only helps banks and lending companies optimize their customer acquisition costs but also fosters loyalty by offering rejected applicants new opportunities for funding.

Ninja Lender is a business-to-business marketplace based in Kyiv, Ukraine, that facilitates the buying and selling of rejected loan applications. Founded in 2018, the company aims to enhance financial inclusion by connecting borrowers whose applications were declined with alternative lenders. Utilizing an API for data exchange with financial institutions, Ninja Lender also offers a web application for borrowers to provide additional information and necessary permissions. As a financial intermediary, Ninja Lender generates revenue by charging brokerage fees on the data related to applications that secure financing. This innovative platform not only helps banks and lending companies optimize their customer acquisition costs but also fosters loyalty by offering rejected applicants new opportunities for funding.

SmartBill is a banking API solution for banks and financial institutions. It enables access to the banking and financial data of customers via open banking regulations. Its product line also includes Consent Comes First for consent management, Identity Now for fraud detection and prevention, Affordability Checker for creditworthiness assessment, and Profile 360 for understanding consumer demands.