Toqio raises €20m in Series A funding round

London-based Software as a Service (SaaS) provider Toqio has raised €20 million during its Series A funding round, the company has announced.

The funding round was led by AlbionVC and includes Aldea Ventures, alongside previous investors Seaya, Speedinvest, and SIX FinTech Ventures.

Earlier this year, the company expanded into the Spanish market. The €20 million in funding includes a €1.3 million grant from The Centre for the Development of Industrial Technology, a public organisation for technology development in Spain.

The company allows any business to launch embedded finance services for their business or customers. Customers include Crealsa, Paysme, Blackstar Capital and MovePay.

The company said its marketplace allows users to incorporate curated FinTech modules into a solution, offered by leading financial service providers including Currencycloud,Modulr, and Railsr.

Commenting on the news, the chief executive and co founder of Toqio Eduardo Martinez Garcia said: “After rapidly growing our team and entering the Spanish market, we’ll now be broadening our focus within Europe, including expansion into France and Germany.”

He added: “This new funding round will enable us to keep evolving and delivering on our vision: we aim to become the world’s premier fintech SaaS platform, giving our clients the ability to create, customise, and launch bank-grade digital finance solutions, enriched by our marketplace of reputable and trusted partners.”

    Share Story:

Recent Stories

Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.