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Qwist
ActiveA twist to open banking - Unleash the power of open finance with smart data solutions
Qwist GmbH
About Qwist
Qwist is the leading, independent Open Banking platform provider in Europe. It enables companies across a multitude of industries to provide the next generation of financial services by understanding how customers transact and interact. With its “full-stack” platform of solutions, Qwist makes it possible for its clients to compliantly access the financial transactions data of customers, enrich said data with analytics tools, provide digital banking services, and deliver high-quality, digital financial services products and services to customers. Qwist is a regulated payment institution under the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz - ZAG).
The company employs around 80 people from more than 35 countries in its offices in Berlin, Hamburg, and Madrid.
Former names: finleap connect; Figo GmbH, which merged with FinReach in March 2019 to become finleap connect.
Acquired by Crastorehill in November 2023.
Funding (€ m)
€32.4m
Total raised
€125m
Valuation
| Round | Year | Amount |
|---|---|---|
| Latest round | 2021 | 22 |
| Round −1 | 2020 | — |
| Round −2 | 2016 | 6.8 |
| Round −3 | 2015 | 3 |
| Round −4 | 2013 | 0.5 |
| Round −5 | 2012 | 0.1 |
Financials (€ m)
| Year | Revenue | EBIT |
|---|---|---|
| 2018 | 1.8 | -4 |
| 2019 | 5.3 | -8.1 |
| 2020 | 7.1 | -12.3 |
| 2021 | 8.3 | -7.6 |
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