Torus has been named PayTech Startup of the Year at the PayTech Awards, organised by FinTech Futures.
The award highlights companies bringing real innovation to the payments space — in Torus’ case, helping financial institutions better understand what they actually earn on card transactions.
Over the past five years, the company has built a platform that looks at profitability on a transaction-by-transaction basis for issuers, acquirers and BaaS providers. Instead of relying on averages, it breaks down scheme fees, interchange and other costs and revenues to show what’s really happening under the hood.
Today, Torus processes more than 1.5 billion card transactions a year across 33 countries, helping customers spot hidden losses, improve pricing and get a clearer picture of their payment economics.
"This recognition reflects a broader shift in the industry," said Kirill Lisitsyn, CEO and Co-founder of Toru"For many years, payments innovation focused on moving transactions faster. Today, understanding whether those transactions create sustainable value is becoming just as important."
(Read Kirill's thoughts on this shift in the industry in his latest article for Finextra.)
"Every scheme fee rule, every pricing update and every transaction adds complexity. Our job is to turn that complexity into one reliable picture. This award shows that the value of this work is clear not only to our customers, but to the wider payments community," Sergey Lebedev, Co-founder and Chief Product Officer at Torus.
The award follows nearly ten wins and finalist positions for Torus across recent European fintech award seasons, signalling a clear market shift: transaction-level profitability is becoming strategic infrastructure for modern payment businesses.
Torus dedicated the win to its customers, partners and team, whose trust, challenge and daily work make this recognition possible.
About Torus
Torus is a platform focused on profitability in card payments. It helps issuers, acquirers and BaaS providers measure, monitor and improve transaction-level profitability through detailed modelling, analytics and reconciliation.
