On 11 October 2017, the Bank took up the shares in the increased capital of Twisto Polska Sp. z o.o (then Westport Investments Sp. z o.o.). This fact was registered in the National Court Register on 27 November 2017. As at 2017 yearend, the Bank held 20% of shares in that company.
Twisto Poland investment is part of the Twisto Czech Republic investment round worth EUR 5 million that is arranged by the international ING Group. The purpose of Twisto Polska is to launch an online payment system on the Polish market according to the rule “Buy now, pay later”. Using advanced technologies, Twisto is able to assess the client’s creditworthiness within a few milliseconds without the need to disclose sensitive data.
Investing in the entity that offers deferred payments is a delivery on the Bank’s strategy of providing cutting-edge solutions that meet new needs of clients. The Twisto “Buy now, pay later” service in Poland will be launched in 2018.