Toqio has closed €20 million in Series A funding led by AlbionVC, with participation from Aldea Ventures, Seaya, Speedinvest, SIX Fintech Ventures, and several angel investors.
The €20 million round includes a €1.3 million grant from the Centre for the Development of Industrial Technology (CDTI), a Spanish government agency, for the company’s expansion in Spain.
Toqio’s platform enables businesses to launch embedded finance solutions by removing the need to build and manage complex software from scratch.
Toqio’s marketplace allows businesses to incorporate services provided by financial service providers such as ClearBank, Currencycloud, Modulr, and Railsr into their solution.
The company has offices in London, Madrid and Nairobi, and its clients include Crealsa, Paysme, Blackstar Capital and MovePay.