The startup offers an intelligence platform that enables card issuers and merchant acquirers to track billing updates and identify cost-saving opportunities, thereby reducing transaction fees. By optimizing product pricing and managing unit-level profitability, the platform enhances transaction earnings and improves cost reconciliation and forecasting for banks.
Funding
$970K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GVFounders
Product
Problem
Card issuers, merchant acquirers, and BaaS providers often lack transparency into complex card network fees, leading to overpayment and missed cost-saving opportunities. Managing and optimizing transaction profitability at a unit level is challenging due to the intricacy of fee structures and the difficulty in accurately forecasting pricing updates.
Solution
Torus is a SaaS analytics platform designed to enhance profitability in the card payments business by providing transparency and control over transaction costs. The platform enables users to analyze scheme fees, understand cost allocation, and track pricing updates to identify cost-saving opportunities. It also facilitates the management and optimization of transactional profitability at the card or merchant level. Torus supports re-pricing strategies for issuers and acquirers, including Interchange++ support and profit-based pricing for BIN sponsors, helping clients earn extra revenue by better controlling card network fees and improving transactional profitability.
Target Audience
Torus primarily targets card issuers, merchant acquirers, BIN sponsors, and BaaS providers seeking to optimize their card payments business profitability.
Features
- Analysis and visualization of Visa/Mastercard invoices.
- Cost allocation by various domains such as line of business, product, and region.
- Monitoring of new billing items and fees.
- Adjustment and refund analysis.
- Per-transaction scheme fees prediction on a daily basis with near 100% accuracy.
- Automated reconciliation of Visa/Mastercard invoices.
- Profitability analysis at the card and merchant level.
- Predictive "What if" analysis for informed decision-making.
- Flexible reporting and enriched data export options.