Latest News

Toqio raises €20m in Series A funding round

By Dalvinder Kular

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

Barclays issued with $361m penalty

Toqio raises €20m in Series A funding round

Penfold launches Advisor Portal aimed at SMEs


Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

BANNER

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.

Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.

This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.

© 2019 Perspective Publishing     Privacy & Cookies