Toqio has raised $27.0M in total across 2 funding rounds.
Toqio's investors include Albion VC, Mangrove Capital Partners, Seaya Ventures.
Toqio is a SaaS fintech platform specializing in embedded finance, enabling non-bank businesses like corporates and financial institutions to rapidly build, configure, and launch tailored financial solutions such as digital banking, card programs, and financing without coding.[1][2][3][4] It serves growth-oriented companies seeking to integrate finance into their ecosystems, solving the problem of high costs, complexity, and slow deployment in traditional fintech development by offering no-code/low-code tools, pre-integrated components, and a marketplace for third-party solutions.[1][2][4] Key products include Digital Onboarding, Accounts & Payments, Cards & Expenses, and Admin & Analytics, with a focus on compliance, scalability, and revenue generation through customer retention and new streams; since its 2019 launch, Toqio has won 7 awards and expanded from digital banking to an enterprise platform, acquiring customers in the UK, Spain, and US.[1][2]
Toqio was founded in 2019 by Eduardo Martinez, an entrepreneur with 22 years of experience, including senior roles at Accenture and co-founding ventures like Olivo (2009) and Geniac (2014).[3] The idea emerged from recognizing a gap in the software industry akin to past sector disruptions, positioning Toqio as a first-mover in no-code fintech SaaS to let any company—not just banks—deploy finance propositions quickly.[2] Early focus was on digital banking, evolving into a configurable platform with marketplace distribution; pivotal moments include a 2020 UK launch, Q4 2021 Spain entry, and first US customers in December 2021, alongside offices in London, Madrid, and Nairobi.[1][2]
Toqio rides the embedded finance trend, where non-financial companies integrate banking/payments into platforms to monetize user relationships amid rising SME pain points and demand for seamless finance.[3][4] Timing aligns with post-2020 fintech maturation, shifting from siloed offerings to orchestrated, configurable platforms that close loops between banks, fintechs, and corporates—much like SaaS disrupted software historically.[2] Market forces favoring Toqio include regulatory pushes for compliance, no-code adoption, and corporate need for revenue diversification; it influences the ecosystem by fostering a collaborative marketplace, promoting financial inclusion, and redefining corporates as primary distribution channels, accelerating innovation for underserved verticals.[2][3][4]
Toqio is poised for global scale with EU/US teams, phased expansions into France and Germany, and deepened marketplace partnerships to drive customer acquisition via content, sales, and alliances.[2] Trends like AI-enhanced finance orchestration and Agent 2.0 adoption will amplify its edge, potentially evolving it into a dominant embedded finance backbone as corporates prioritize speed-to-market. Its influence may grow by standardizing no-code finance, unlocking SME growth worldwide—transforming "Toqio is a technology company" into a leader redefining accessible financial innovation.[2][3][4]
Toqio has raised $27.0M across 2 funding rounds. Most recently, it raised $18.0M Series A in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $18.0M Series A | Albion VC, Mangrove Capital Partners, Seaya Ventures | |
| Jul 1, 2021 | $9.0M Seed | Mangrove Capital Partners, Seaya Ventures |
