Goose Valley Ventures (GVV), a FinTech-focused VC firm supporting startups in the Nordic and Baltic regions, is pleased to announce its investment in Lithuanian FinTech Torus, an SaaS intelligence platform for banks and paytechs.
With this investment, GVV underscores its commitment to backing startups that drive innovation in fintech, with a focus on “transformative” solutions in areas like payments and financial infrastructure.
Torus, operating within the card network ecosystem, addresses “critical challenges” faced by issuers, acquirers, and merchants.
GVV enters the company at a very transformative stage, the company has found its product-market-fit, and also reported steady growth.
Torus claims that it is solving a $13 billion problem with the “lack of transparency” of the fees charged by the card schemes such as Visa and Mastercard.
Card payments is nowadays a low-margin high-volume market where the unit-level profitability analysis is “a challenge due the grey area of the card schemes fees.”
The company’s SaaS intelligence platform analyzes, optimizes and predicts the scheme fees and “thus enhances the customers’ profitability.”
The company already has 10 customers and “an ARR of $1 mn.”
Robin Egerot, General Partner at Goose Valley Ventures said:
“We have tracked the company for almost a year now and finally had the opportunity to join their journey.”
Kirill Lisitsyn, CEO and Co-Founder of Torus said:
“We’re experiencing a strong momentum and are eager to propel Torus to the next stage of growth. Goose Valley Ventures’ network and expertise in the industry is a great fit for us as we grow and continue our expansion.”
As noted in the update, Goose Valley Ventures is a FinTech-specialized venture capital firm with “a focus on the Nordic and Baltic regions and +€10 mn AUM.”
The GVV team consists of fintech professionals who have spent years building, supporting, and “operating successful fintech companies.”
With industry knowledge and a “proven” track record, GVV combines operational expertise with insights to help founders in these regions navigate the complexities of growth, “scale their businesses, and achieve lasting success.”