Toqio raises €8M To Make it Easier For Any Business to Create Financial Products
by Startacus Admin
Innovative startup, Toqio, secures major funding to help scale its global financial SaaS platform and expand its operational team
Great news for Toqio, the FinTech Software-as-a-Service startup with the announcement of an €8M seed round from Seaya Ventures, Speedinvest and SIX FinTech Ventures.
Since its launch in 2019, Toqio has been aiming to make it easier for any business to quickly launch financial solutions, removing the need to build and manage complex software solutions through its platform and marketplace.
Toqio has a modular, flexible approach, enabling customers to use pre-built products to rapidly create personalised applications and go from concept to market in just six weeks.
Eduardo Martínez, Co-Founder and CEO, of Toqio, explained “Businesses and banks are looking to innovate in the FinTech sector, but to date, they have had to create and maintain complex software solutions to do this. This has also kept smaller niche businesses out of the market. We don’t want FinTech to end up like banking just with a new set of big incumbents trying to take control of financial services. We want to level the playing field.”
Aristotelis Xenofontos, Principal at Seaya Ventures, added, ”We have spent many years following the Embedded Finance space and finally found the missing piece, a seamless enabler that glues everything together. Toqio is a truly end-to-end platform that provides a complete plug and play bank and allows any organisation to offer a full suite of digital financial services in a rapid, painless, future-proof and low-cost way. We are delighted to back Toqio’s outstanding team and support them in accelerating the impressive commercial traction they have already achieved in such a short time.”
This latest funding will be used to scale the company’s global financial SaaS platform and expand its operational team.
Toqio is definitely one to watch!
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Published on: 6th July 2021
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