Torus

It is always great to meet old friends like Mastercard Lighthouse team regularly:)

Such exciting days at the Stockholm Fintech Week !

Scheme fees - the mystery becomes clear (simply about complex) Some time ago, we started to consistently publish short notes on the topic of Payment network fees. These publications were dedicated to understanding Interchange fees. However, we believe it is now time to address Scheme fees — the most mysterious and unclear part of fees for most participants in the card payment market. We’d like to start our new series of 6 or maybe more publications with the Scheme fees differences from Interchange: There are three main distinctions: 1. Scheme fees are paid by principal members to Visa/Mastercard for payment network relevant services unlike Interchange fees that are redistributed among participants. 2. Scheme fees are not a single fee like Interchange fee, which can vary depending on conditions — we have discussed this previously, but rather a complex and diverse set of fees. One part is transaction-based, while another consists of a set of fixed periodic or one-time charges for various payment network services, reports, licenses, connections, as well as penalties. 3. The vast majority of Scheme fees (with some exceptions, particularly with Visa) are calculated and billed not daily, like Interchange, but periodically depending on the payment network — once a week, month, or quarter. To be continued… (Please find below mentioned publications about Interchange, in case someone wants to revisit them: https://lnkd.in/dMJ4B6zX https://lnkd.in/dS2fEqpf https://lnkd.in/dWVvJpjX https://lnkd.in/dp6XFfha)

📣 Don't miss the chance to talk to Mastercard Lighthouse at Stockholm Fintech Week. Come and mingle with us at our booth on the 11th and 12th of February! If you're part of the Mastercard Lighthouse ecosystem, we're happy to offer you an exclusive discount on all tickets. Drop a comment or DM us, and we’ll send it your way 🚀✨ Also, don’t miss all our amazing Mastercard Lighthouse Alumni taking the stage! ⭐️ Simon Ousager, Founder at Januar 🗓️ Tuesday 14:40-15:20 (Startup stage) Panel discussion: Stablecoins vs CBDCs: The Future of Digital Money in the EU ⭐️ Mathias Wikström, CEO & Co-founder at Doconomy 🗓️ Tuesday, 15:40-16:00 (Startup stage) Fireside chat: If Consumers Want to Act on Climate, Why Can’t They? ⭐️ Liutauras Žilinskas, Strategic Partnerships at AMLYZE 🗓️ Wednesday 14:40 - 15:20 (Startup stage) Panel: Outsmarting the Enemy: How Financial Crime Fighters Are Battling a New Breed of Criminals ⭐️ Sarah Häger, COO at Enable Banking 🗓️ Wednesday 15:20 - 15:40 (Main stage) Keynote speaker: Fintechs: You’re Getting Open Banking for Corporates All Wrong ⭐️ Mateo Florez, Head of Digital Assets at Neuro (Trust anchor Group) 🗓️ Wednesday 15:20 - 15:40 (Startup stage) Keynote speaker: Web3 Beyond Crypto, how Companies can Draw benefits from Web3 Technologies ⭐️ Kirill Lisitsyn, Co-founder & CEO at Torus 🗓️ Wednesday 02:00-02:20 (Startup stage) Fireside chat: Unlocking hidden profits: the untapped potential of scheme fees analysis for card payments 👉 Read more and get your ticket here: https://lnkd.in/ewyiE3cG #impact #fintech #sustainability #applynow #mastercard #partnership Mats Taraldsson Caroline Barnekow Inez Molnár Dasha Shvaikovskaya Boglárka Nagy Bianka Horváth Ludwig Kukacka Adina Henrikson

Exciting News! 🎤 Join us for a compelling Fireside Chat at the upcoming Stockholm Fintech Week on February 12 at 2 PM in the Next-Gen Money and Payments track, where our Co-founder & CEO, Kirill Lisitsyn, will be speaking alongside the wonderful moderator, Kamile Sulcaite, Head of Partnerships at ROCKIT Vilnius, on "Unlocking Hidden Profits: The Untapped Potential of Scheme Fees Analysis for Card Payments." In a world where card payments are high-volume and low-margin, understanding scheme fees can be a game changer. Kirill will share insights on how to control and predict these costs to effectively manage and improve your transactional profits, backed by recent use cases. Don't miss this opportunity to gain valuable knowledge and connect with the fintech community! 🌟 Get your tickets now! We can't wait to see you there! More info here https://lnkd.in/d9Rifd8F

Excited to be back again to Finovate Europe stage!

Torus is on a rock tour for the next 3 months talking card payments profitability, pitching existing products and presenting a brand new one. 🤘🎸 Meet us at some of the most interesting upcoming payments events: 🇸🇪 Stockholm fintech week, Stockholm, Feb 11-12th 🇬🇧 Finovate Europe, London, Feb 25-26th 🇯🇵 Fin/Sum, Tokyo, Mar 4-6th 🇩🇪 Merchant Payments Ecosystem, Berlin, Mar 18-20 🇬🇧 Pay360, London, Mar 25-26th 🇱🇹 Baltic Fintech Days, Vilnius, Apr 2-3rd See you there! #schemefees #interchange #profitability

Unlock the secrets of card payments profitability at Stockholm Fintech Week on February 12, from 2:00 PM to 2:20 PM with Kirill Lisitsyn, Co-Founder of Torus 💳 With over 12 years in consulting, including roles at Accenture and Mastercard, Kirill has helped banks and financial institutions navigate the complexities of payments. Now, as the co-founder of Torus, he’s on a mission to bring data-driven insights to mid-market players, giving them the same level of profitability control typically available only to the biggest industry players. In this session, Kirill will dive deep into the intricacies of scheme fees data analysis, offering practical insights on how understanding these fees can drastically impact your ability to drive profitability in a high-volume, low-margin industry. Expect real-world use cases that show how to unlock this critical opportunity. Why is this session a must-attend? Mastering scheme fees is key to optimizing your card payment strategy and improving your bottom line. 💰 Don’t miss out! Secure your tickets now! 📅 11–12 February, 2025 📌 Stockholm, Sweden 🎟️ Tickets: https://lnkd.in/ewyiE3cG 🌟 See you in Stockholm! 😎 #StockholmFintechWeek #FintechInnovation #CardPayments #SchemeFees #FintechExperts #Payments #NordicFintech Stockholm Fintech Nordic Fintech Magazine Ditte Gerner Dyhr Stian Faber Chris C. Love Dager Lana Brandorne Anna Claassen Carsten Christensen

What was 2024 about for us? It was about growth: experiencing it and learning how to navigate enterprise sales cycles • Strengthened our traction in Europe and Asia, entered the UK  • Kept experimenting with various sales channels and discovered exciting synergies between them It was about network and partnerships: • Started generating revenue through our partnerships • Secured a solid partnership in the Middle East (announcement pending) • Made numerous valuable connections in both payments and VC worlds It was about challenges: addressing familiar ones and embracing new ones • Prepared for accelerated growth with a thorough review of product development and tech processes • Underwent a data security review by a Big4 consultancy • Launched a new product adding value to existing ICPs and targeting adjacent ones It was about the team: • Grew our payments and data analysis expertise while maintaining efficiency • Added a marketing lead to streamline our activities It was about visibility: building our brand and leveraging it • Spoke at some major payments events: Vilnius Fintech Day, Finovate Europe, Agora Fintech by Todeb, Money 2020, EBA Day, Nordic Fintech Week, Milan Fintech Summit, Fintech Connect and others • Named "Startup of the Year" by Merchant Payments Ecosystem • Ranked #8 fastest-growing startup in Eastern Europe and Baltics, and #76 in Europe by Sifted But it wasn't always smooth surfing. 😊 Key lessons learned: • Time to become more process-driven, especially in sales • Need to enhance team communication, particularly given our remote work setup Stay tuned for 2025!

We are happy to join Goose Valley Ventures family. Looking forward to new adventures!