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#09 Buy now, pay later with Michal Smida (Twisto)
Manage episode 278523683 series 2829752
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In this episode, we talked about Buy now, pay later service which has a big potential in CEE region. Also, Michal shared history and challenges of Twisto as well as his predictions for future.
Here is a rundown of the episode, if you want to jump ahead:
0:45 what is Twisto
4:00 How are they mitigating risk at Twisto?
3:30 how was Twisto name and
7:45 how did they come up with Twisto name & whole business idea
9:15 reasoning behind buy now, pay later service
14:45 benefits of buy now, pay later for customers
16:15 future of buy now, pay later service
19:30 selling NIkita & collaboartion with other companies
21:15 Twisto collaboration with Va cuumlabs
25:00 challenges of first half of 2020
27:00 Fintech in 10 years
33:00 challenges Twisto is facing and goals for the near future
Useful links from episode:
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Michal is the founder and CEO of CEE based FinTech Twisto and a member of Forbes 30 under 30. He lived 11 years abroad in Russia, UK and the US. He began his career in London where he joined Barclays investment bank after graduating from King’s College. When he returned to the Czech Republic in 2013, he founded Twisto – the first “buy now, pay later service” in the CEE region which evolved into daily finance provider partnering with MasterCard and Marqeta. Twisto has more than 120 employees and is backed by leading investors such as ING Ventures, UNIQA Ventures, Velocity Capital, Finch Capital and ENERN.
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War stories episodes in Banking in Air podcast explores the lives and journeys of founders and technology leaders as they work to overcome challenges while building products in an ever-changing world. Hosted by Marcel Klimo of Vacuumlabs.
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