Zip and RBI’s Elevator Ventures subsidiary co-led a $19.5m round for the buy-now-pay-later service that included returning backers ING and Uniqa.

Czech Republic-based mobile payment app developer Twisto has secured €16m ($19.5m) in a round co-led by financial technology provider Zip and financial services firm Raiffeisen Bank International (RBI), CrowdfundInsider has reported.

Elevator Ventures invested on behalf of RBI, and the round included financial services group ING Bank, insurance provider Uniqa, Finch Capital and Velocity Capital.

Twisto was founded in 2013 and runs a payment and consumer lending service that enables consumers to settle online purchases through its app on the…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.