Toqio
Toqio provides a no-code/low-code embedded finance SaaS platform with a partner marketplace, enabling large corporates and financial institutions to build, white-label, and distribute banking, lending, and payments solutions across their networks.
- Company typePrivate
- Founded2019
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Toqio does
Toqio is a London-headquartered embedded finance SaaS provider founded in 2019 (originally as LUM) by Eduardo Martínez and Mike Galvin. The company operates a no-code/low-code modular platform — branded as the Toqio Platform — combined with the Toqio Design Studio for white-label customization and a Toqio Marketplace aggregating pre-configured integrations with 20+ financial infrastructure, technology, and consulting partners including Visa, Adyen, ClearBank, Modulr, Railsr, Currencycloud, KPMG, and Deloitte. The company's distinctive "Agent 2.0" commercial model positions large corporates as distributors of banking, lending, and payments services to their own end-customers via Toqio's infrastructure, addressing use cases such as supply chain financing, merchant credit, and embedded card programs for sectors including food & beverage (Mahou), pharmaceutical distribution (DSA, Hefame), and payments (TrustPayment).
Toqio generates revenue through enterprise SaaS subscriptions on a quote-based, multi-year contract model, complemented by marketplace and platform fees. Its go-to-market combines direct enterprise field sales ("Book a demo," "Contact sales" CTAs) with channel-led distribution through strategic partners including Deloitte Spain (consulting-led delivery) and Adyen (technology infrastructure). The company holds PCI DSS and PSD2 compliance certifications and operates from London (HQ), Madrid (regional HQ), and Nairobi, with stated plans to expand into France and Germany. Toqio is privately held and venture capital-backed, having raised approximately €30 million in total (€8M seed in 2021, €20M Series A in 2022, plus a €1.3M CDTI grant), with a board chaired by Gabriel de Montessus (Director of Worldpay Global Enterprise) and representation from investors AlbionVC, Seaya Ventures, Speedinvest, and SIX FinTech Ventures.
The platform's recent strategic priorities are visible through 2025 partnership and product moves: a global Adyen integration (June 2025) to embed acquiring infrastructure, a Deloitte Spain strategic alliance (October 2025) to co-deliver to large corporates, and the conclusion of a two-year Gradiant collaboration (May 2025) that introduced ML-based fraud analysis and credit scoring into the data architecture. Toqio's differentiation rests on (a) the Agent 2.0 distribution model that monetizes corporate client networks, (b) the breadth of its partner marketplace reducing integration friction, and (c) its build-once-deploy-many modular architecture that claims weeks-to-launch deployment cycles versus traditional multi-quarter builds.
Toqio firmographics
Firmographics- Name
- Toqio
- Legal name
- Toqio Fintech Ltd
- Website
- https://toqio.co
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Toqio provides a no-code/low-code embedded finance SaaS platform with a partner marketplace, enabling large corporates and financial institutions to build, white-label, and distribute banking, lending, and payments solutions across their networks.
- Ownership category
- akta.pro rank
Toqio industry classification
Industry- Product category
- Embedded Finance Platform
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Custom Computer Programming Services (541511)
- SIC
- Finance Services (6199), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
- akta.pro secondary industries
- Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Cross-Border & FX Payments Platforms (BPAMAFAK)
Keywords
Where Toqio is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Toqio business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: Toqio operates as a SaaS fintech platform provider, enabling businesses to embed financial services into their products through their modular platform. The platform follows a build-once-deploy-many approach with subscription-based access to their no-code/low-code tools and partner marketplace.
- Platform and Marketplace Fees: Revenue generated from businesses deploying financial solutions through the Toqio marketplace, with pre-built and pre-configured components that can be scaled efficiently.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom enterprise pricing based on solution requirements |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Toqio product offering
Product offeringCore offering
Toqio provides a no-code/low-code embedded finance platform that enables large corporations, banks, and financial institutions to build, deploy, and scale financial products (banking, lending, and payments) without heavy infrastructure changes. The platform combines a modular core with a specialized partner marketplace featuring pre-configured fintech modules from providers such as Visa, Adyen, Clear.Bank, Currencycloud, Modulr, and Railsr, allowing clients to build once and deploy across multiple verticals within weeks. The proprietary Agent 2.0 model transforms corporates into high-performance distributors of financial services, creating a three-way value proposition for corporates, financial institutions, and SMEs.
Product overview
Toqio offers a unified embedded finance platform combining a no-code/low-code core platform with a specialized partner marketplace and design studio. The Toqio Platform serves as the foundation, enabling businesses to build once and deploy financial solutions across multiple verticals within weeks. The Toqio Design Studio allows customization of marketplace products into fully branded propositions without coding. The Toqio Marketplace provides access to pre-configured fintech modules from financial infrastructure providers and technology partners. The Agent 2.0 model transforms corporates into distributors of financial services. Together, these products enable corporates and financial institutions to build and scale tailored financial products faster than traditional approaches.
Differentiator
Problem solved
Functional benefit
Products and services
- Toqio Platform A no-code/low-code embedded finance platform that combines modular components with a specialized partner marketplace, enabling scalable and cost-effective deployment of financial solutions for large corporations, banks, and financial institutions. Allows businesses to build once and deploy to multiple verticals within weeks.
- Toqio Design Studio A design tool that enables businesses to bring embedded finance products to life by installing products from the marketplace or bringing their own, then customizing them into fully branded propositions. Allows building proof-of-concept without writing a single line of code and launching offerings to market faster.
- Toqio Marketplace A partner marketplace integrated into the Toqio Platform that provides access to pre-configured fintech modules and enables businesses to evaluate new services and select those best suited for their needs. Connects users with financial infrastructure providers, technology partners, and consulting partners.
Quantifiable outcome
- Build once, deploy to many verticals within weeks
- +2 more outcomes
Companies that use Toqio
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Toqio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability3 records
Feature5 records
Toqio partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered strategic partner, flagship partner, technology partner, core partner, partner, key partner and industry association.
- Deloitte Spainstrategic partnerStrategic partnership to promote embedded finance adoption. Combines Deloitte's consulting expertise with Toqio's modular platform to develop and deliver innovative financial solutions for large companies.
- Adyenflagship partnerGlobal fintech partnership making Adyen's global acquiring infrastructure available through Toqio marketplace. Enables clients to deploy scalable multi-market payment solutions, including payments, credit, and treasury tools through complex distribution networks.
- Gradianttechnology partnerTwo-year collaboration under AEI Public-Private Partnership program to transform data architecture. Advanced data governance, ML for fraud analysis and credit scoring, and robust data infrastructure.
- Clear.Bankcore partnerProvides banking infrastructure, full banking functions, physical/virtual cards, and FX transactions through Toqio marketplace.
- Currencycloudcore partnerGlobal payments platform enabling cross-border money movement with real-time FX, agile payments, and cross-border card programs.
- DivilopartnerDigital payments entity in Spain offering NFC payments, QR code payments, and digital commerce solutions.
- EnfucepartnerCard issuance and payment processing provider enabling rapid card program deployment globally.
- Madrid Capital PartnerspartnerBusiness financing partner providing customized financing models and risk assessment solutions.
- Modulrcore partnerIntegrated payment infrastructure provider offering account services, transfers, card programs, FX, and multi-currency banking.
- Railsrcore partnerComprehensive API suite for banking, payments, and cards with full customizability for financial solutions.
- Visaflagship partnerInducted into Visa Innovation Program Europe. Provides collaboration opportunities, market access, and technology stack integration.
- KPMGkey partnerGlobal professional services firm providing project management, pilot programs, and system integration consulting.
- IntercompartnerAI-powered customer service platform providing customer support, chat, and help center capabilities.
- LookerpartnerGoogle Cloud data analytics platform providing interactive dashboards, data visualization, and integrated analytics.
- MeaWalletpartnerMobile and digital payments technology provider certified in 50+ countries with 200+ clients, offering push provisioning and mobile wallets.
- Tell.moneypartnerPSD2 compliance and confirmation of payee SaaS provider offering open banking tools and payment verification.
- TwiliopartnerCustomer engagement platform providing SMS validation, messaging apps, and multi-channel 2FA capabilities.
- AEFIindustry associationSpanish Fintech and Insurtech Association providing sector guidelines and best practices framework.
- ASSETindustry associationSpanish association for finance professionals offering training, analysis, and networking activities.
- The Payments Associationindustry associationLargest payments community globally with operations in UK, EU, and Asia, organizing Pay360 annual event.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
Toqio competitors and assessment
Company assessmentDirect peers
- Solaris SE: European Banking-as-a-Service platform offering APIs for accounts, cards, payments, lending, and KYC. Directly competes with Toqio in the embedded finance/BaaS category, targeting corporates and fintechs across Europe.
- Weavr: Embedded finance platform providing plug-and-play components for payments, banking, and lending. Competes head-to-head with Toqio's no-code/low-code proposition aimed at SaaS firms and corporates.
- Railsr: Global embedded finance platform providing APIs for banking, cards, and payments. Listed as a Toqio marketplace partner but offers a directly comparable BaaS proposition.
- 10x Banking: Cloud-native core banking platform used by banks to launch digital propositions. Competes with Toqio in the 'platform for banks and financial institutions' segment via a different architecture (core banking vs. orchestration layer).
- Banked: Payment network and embedded finance platform enabling banks, merchants, and fintechs to launch account-to-account payments and financial products. Overlaps with Toqio's payment orchestration and embedded finance capabilities.
- Tribe Payments: Embedded payments and banking infrastructure provider for issuers, fintechs, and corporates. Comparable to Toqio's modular platform approach for cross-border and embedded card programmes.
- Form3: Cloud-native payment processing platform for account-to-account and card payments. Competes with parts of Toqio's marketplace stack targeting banks and financial institutions in Europe.
Broad incumbents
- Marqeta: Public, large-scale modern card issuing platform serving global fintechs and corporates. Overlaps with Toqio's card issuance and embedded payments capabilities, but at much greater scale and with proprietary rails rather than orchestration.
- Adyen: Global payments platform and Toqio's flagship partner. Operates a broad embedded finance and acquiring proposition directly to large merchants, representing both a critical distribution channel and a potential competitor for enterprise deals.
- Stripe: Global payments and embedded finance platform (Stripe Connect, Stripe Issuing, Treasury). Competes with Toqio at the high end of the embedded finance market, particularly for SaaS platforms and large corporates seeking global, developer-first infrastructure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Toqio social profiles
Digital presenceToqio compliance and trust
Trust signalCompliance2 records
Toqio financial estimates
Financial estimateRevenue estimate
Valuation estimate
Toqio leadership team
Management profileNumber of profiles
Profiles9 records
Toqio funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Toqio M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Toqio
What does Toqio do?
Toqio provides a no-code/low-code embedded finance platform that enables large corporations, banks, and financial institutions to build, deploy, and scale financial products (banking, lending, and payments) without heavy infrastructure changes. The platform combines a modular core with a specialized partner marketplace featuring pre-configured fintech modules from providers such as Visa, Adyen, Clear.Bank, Currencycloud, Modulr, and Railsr, allowing clients to build once and deploy across multiple verticals within weeks. The proprietary Agent 2.0 model transforms corporates into high-performance distributors of financial services, creating a three-way value proposition for corporates, financial institutions, and SMEs.
Is Toqio a public or private company?
Toqio is a private company. It is classified as venture growth investor backed and is currently operating.
When was Toqio founded?
Toqio was founded in 2019. It employs 51 to 100 people.
Where is Toqio based?
Toqio is headquartered in London, United Kingdom, in the Europe region.
How does Toqio make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are platform and Marketplace Fees.
Who are Toqio's main competitors?
Direct peers on record are Solaris SE, Weavr, Railsr, 10x Banking, Banked, Tribe Payments and Form3. Broad incumbents are Marqeta, Adyen and Stripe.
Does Toqio have an API?
Yes. Toqio provides a no-code/low-code platform that enables businesses to build and deploy embedded finance solutions. The platform includes API-based integrations with financial infrastructure providers. Documentation available at platform.toq.io/docs/getting-started. Developer documentation is at platform.toq.io/docs/getting-started.
What industry is Toqio in?
Toqio's product category is Embedded Finance Platform. Its primary akta.pro industry code is FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes), with a secondary code of FSAGABAJ, Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails). Its NAICS code is 523 and its SIC code is 6199.