# Twispay: turnover, profit and staff from the official filings

Legal entity: Capital Financial Services SA · CUI 22170545 · register J2011004352406 · seat Bucharest · founded 2007 · CAEN 6419 Alte activități de intermedieri monetare

Licensed payment institution and gateway.

Category: Fintech & payments (https://saas-analytics.com/categories/fintech-payments.md). Website: https://www.twispay.com/.

Note: Capital Financial Services SA is the licensed payment institution behind Twispay.

## Key figures 2025

- Turnover: 3.6 M RON (€709 k), −48.3% year on year
- Net result: −22.9 M RON, margin −640.6%
- Employees (average): 31, turnover per head 115 k RON
- 3-year compound growth: −19.5%
- Deferred revenue: 138 k RON, 4% of turnover (little deferred revenue)

Capital Financial Services SA filed a turnover of 3.6 M RON (€709 k) for 2025, down 48.3% on 2024. Over five years turnover fell to 58.5% of its 2020 level (6.1 M RON). The year closed with a net loss of 22.9 M RON, 640.6% of turnover. The company reported 31 employees on average, 115 k RON of turnover per head. Deferred revenue was only 4% of turnover, so most income is billed as it is earned, as in services or usage-based pricing.

## Every year on file

| FY | Turnover (RON) | Turnover (EUR) | YoY | Net result (RON) | Margin | Staff | Deferred revenue (RON) | of turnover | Cash (RON) | Equity (RON) |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| 2025 | 3,575,850 | 709,156 | −48.3% | -22,908,546 | −640.6% | 31 | 137,576 | 4% | 5,054,869 | 12,538,960 |
| 2024 | 6,918,876 | 1,390,841 | +42.5% | -24,779,532 | −358.1% | 38 | 217,907 | 3% | 7,435,138 | 15,344,998 |
| 2023 | 4,854,669 | 981,435 | −29.2% | -18,378,931 | −378.6% | 34 | 293,588 | 6% | 17,878,137 | 16,568,100 |
| 2022 | 6,861,122 | 1,391,285 | −8.7% | -12,894,222 | −187.9% | 30 | – | – | 27,984,978 | 26,647,816 |
| 2021 | 7,516,168 | 1,527,552 | +23.0% | -3,562,323 | −47.4% | 13 | – | – | 21,946,637 | 10,134,813 |
| 2020 | 6,112,416 | 1,263,653 | −16.6% | -2,100,060 | −34.4% | 17 | – | – | 23,113,882 | 7,792,776 |
| 2019 | 7,329,673 | 1,544,650 | +79.8% | 119,600 | 1.6% | 19 | – | – | 22,547,300 | 10,065,650 |
| 2018 | 4,076,042 | 875,909 | +5697.4% | -2,159,564 | −53.0% | 16 | – | – | 21,838,656 | 9,946,050 |
| 2017 | 70,308 | 15,391 | +88.3% | -3,313,036 | −4712.2% | 10 | – | – | 1,451,117 | 2,772,014 |
| 2016 | 37,341 | 8,315 | +4.3% | -2,296,030 | −6148.8% | 8 | – | – | 548,593 | 2,888,477 |
| 2015 | 35,804 | 8,055 | +617.8% | -2,513,025 | −7018.8% | 11 | – | – | 1,873,071 | 1,997,917 |
| 2014 | 4,988 | 1,122 | +2686.6% | -4,041,048 | −81015.4% | 12 | – | – | 882,287 | 1,993,821 |
| 2013 | 179 | 41 | – | -3,142,466 | −1755567.6% | 7 | – | – | 2,208,298 | 2,794,870 |
| 2012 | 0 | 0 | −100.0% | -426,629 | – | 2 | – | – | 12,962 | 1,978,836 |
| 2011 | 3,817 | 901 | −93.9% | 66,621 | 1745.4% | – | – | – | 150,504 | 2,384,937 |
| 2010 | 62,826 | 14,923 | – | 25,000 | 39.8% | 1 | – | – | 1,071 | 73,516 |
| 2009 | – | – | – | -12,188 | – | 1 | – | – | 380 | 48,516 |
| 2008 | – | – | – | -10,305 | – | 1 | – | – | 1,005 | 60,704 |

Source: annual financial statements published by the Romanian Ministry of Finance (data.gov.ro), trade-register data from ONRC/ANAF, EUR at the BNR annual average rate; retrieved through apifirme (https://apifirme.dev/). JSON: https://saas-analytics.com/api/v1/companies/twispay.json. HTML: https://saas-analytics.com/companies/twispay.

Peers: Netopia Payments (https://saas-analytics.com/companies/netopia-payments.md), EuPlătesc (https://saas-analytics.com/companies/euplatesc.md), Pago (https://saas-analytics.com/companies/pago.md), Finqware (https://saas-analytics.com/companies/finqware.md), Oveit (https://saas-analytics.com/companies/oveit.md).

Methodology and caveats: https://saas-analytics.com/methodology.md