TODAQ
TODAQ builds AI-native payments infrastructure for the agentic economy, offering an MCP server (Qatom) and ledgerless file protocol that let AI agents discover APIs, pay per call, and settle in under 100ms.
- Company typePrivate
- Founded2023
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What TODAQ does
TODAQ is a Toronto-based, private infrastructure company building AI-native payments for the agentic economy. The company's core product is Qatom, an MCP (Model Context Protocol) server that lets AI agents built on Claude, OpenAI, and LangGraph discover paywalled APIs, pay per call, and settle revenue in-flight, embedding payment directly in HTTP requests via X-TODA-Pay headers without SDKs, webhooks, or callbacks. The Qatom Payments API (REST, JS/Node SDKs) and an iOS wallet application extend the surface to developers and consumers, while the TODAQ Console and Twin Proxy/Enterprise API provide enterprise-grade management, multi-recipient splits, and self-hosted deployment options. Atlalux is an internal media-infrastructure brand built on the same rail.
Underlying these products is the TODA file protocol, a ledgerless bearer-asset architecture co-developed over 7+ years with the University of Cambridge Centre for Redecentralisation (CRDC), University College London (UCL), and ARM. Unlike blockchain-based systems, TODA embeds cryptographic provenance (rigging, hash trees) inside the file itself, enabling sub-100ms atomic settlement with no gas fees, no minimum transaction size, and a floor cost under $0.001 per operation. The protocol also supports atomic multi-recipient splits to up to 200 parties (providers, platforms, creators, treasuries) in a single round-trip, replacing escrow, payout queues, and reconciliation pipelines.
TODAQ's revenue model combines usage-based per-call pricing with no platform fees on transactions and subscription-style enterprise contracts for self-hosted Twin infrastructure. The 2023 commercial launch of TAPP (later validated in the Veeeu video reference deployment with 95%+ contribution margins and 40-50x transaction volume growth) seeded the wedge; the 2025 launch of Qatom, the TODAQ Console, and the Twin Enterprise API marks the company's pivot toward an explicit agentic-commerce positioning. Earlier partnerships with IBM, Red Hat, Gratomic, and ThreeD Capital established enterprise, open-source, and commercial footholds, though the company has only one formally disclosed capital event (VentureSouq, 2018) and is preparing its first institutional seed round.
TODAQ firmographics
Firmographics- Name
- TODAQ
- Legal name
- TODAQ
- Website
- https://todaq.net
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TODAQ builds AI-native payments infrastructure for the agentic economy, offering an MCP server (Qatom) and ledgerless file protocol that let AI agents discover APIs, pay per call, and settle in under 100ms.
- Ownership category
- akta.pro rank
TODAQ industry classification
Industry- Product category
- AI Payments Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE)
Keywords
Where TODAQ is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
TODAQ business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Transaction-based micropayments: TODAQ charges no platform fees on transactions. Revenue derived from transaction processing at sub-$0.001 cost per transaction with no minimum. Zero-fee in-flight settlement under 1 second.
- Enterprise API access: Twin Enterprise API for self-hosting the Twin proxy + paywall for enterprise customers requiring dedicated infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Usage-based per-call pricing with no platform fees |
| Subscription | Multi-year contract | Enterprise tier with self-hosted Twin infrastructure |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
TODAQ product offering
Product offeringCore offering
TODAQ builds the Qatom payments rail — a hosted MCP server and APIs that let AI agents, software APIs, and human developers send, receive, and settle micropayments atomically inside an HTTP request. Built on the proprietary TODA ledgerless file protocol co-developed with Cambridge CRDC, UCL, and ARM, the platform settles in sub-100ms with zero platform fees, no gas, and no minimum transaction size. Its product surface includes the Qatom MCP server, Qatom Payments API (with JS/Node SDKs), the iOS Qatom wallet app, the TODAQ Console management workspace, and the Twin Proxy / Twin Enterprise API for wrapping any HTTP endpoint as a paid endpoint.
Product overview
TODAQ is an AI payments infrastructure company offering a platform-plus-modules architecture centered on Qatom for the agentic economy. The core product Qatom provides an MCP server enabling AI agents to transact autonomously, supported by the Qatom Payments API (REST with JS/Node SDKs), Qatom Payments App (iOS wallet), and TODAQ Console (unified management interface). Enterprise infrastructure includes Twin Proxy and Twin Enterprise API for wrapping HTTP APIs as paid endpoints. The platform is built on the TODA ledgerless file protocol co-developed with Cambridge CRDC, UCL, and ARM, offering sub-100ms atomic settlement, zero platform fees, and cryptographic provenance in the file itself without blockchain. Additional offerings include Atlalux (API-native media infrastructure) and micropayment libraries (Payment JS, Payment Node.js SDK).
Differentiator
Problem solved
Functional benefit
Brands
- Qatom: Agent-native MCP server for agentic commerce. Turns MCP-compatible agents into economic participants with the ability to discover APIs, pay per call, and earn revenue.
- Qatom Payments API
- Qatom Payments App
- TODAQ Console
- Twin Proxy
- Atlalux
- Veeeu
- GOTO
- TAPP (Tapp And Privately Pay)
- TDN (TODA Note)
Products and services
- Qatom MCP Server Agent-native MCP server enabling AI agents to discover APIs, transact, pay per call, earn revenue, and settle within the same round-trip with sub-100ms atomic settlement and zero platform fees.
- Qatom Payments API REST API plus JavaScript and Node.js SDKs that expose the Qatom payments rail for direct programmatic integration, supporting commodities, digital twins, user account management, and payment validation.
- Qatom Payments App Mobile wallet application for managing a Qatom wallet on iOS, including transaction viewing and fund controls.
- TODAQ Console Unified management workspace replacing multiple vendor solutions (PSP, payouts, treasury, billing, audit, banking) by exposing transactions, fund transfers, API paywall setup, multi-recipient distribution splits, Twin permissions, and banking in one console.
- Twin Proxy HTTP proxy that turns any existing endpoint into a paid endpoint without touching its code by validating X-TODA-Pay headers before forwarding requests.
- Twin Enterprise API Self-hosted enterprise deployment of the Twin proxy and paywall, giving customers dedicated infrastructure and full control over payment routing, pricing, and distribution splits.
- Atlalux API-native media infrastructure built on the TODAQ rail that exposes micropayment capabilities for media and content monetization use cases.
- TAPP (Tapp And Privately Pay) Low-code commercial micropayments solution enabling any digital content or service to accept micropayments with instant paybacks and micro-distributions, serving as the commercial precursor that evolved into the Qatom product line.
Quantifiable outcome
- Transaction settlement under 100ms (vs. T+1 to T+30 for Stripe agentic)
- +5 more outcomes
Companies that use TODAQ
Customer profileSegments6 records
Ideal customer profiles3 records
TODAQ technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability2 records
Feature8 records
TODAQ partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, minor and core.
- IBMflagshipAgreement signed July 2021 to onboard TODAQ software to IBM Cloud, starting with Red Hat Marketplace and OpenShift. First product focused on Low Code API Credentials and Access Management with self-tracking, immutable audit trail, and zero-trust verification capabilities.
- Gratomic Inc.minorCanadian resource company supplying TODAQ with battery grade Aukam graphite in USD $25 million contract (payable in TDN) for asset reserve backstop. Gratomic's Aukam Graphite mine reaching production for EV market.
- Red HatflagshipFirst open source leader and partner for TODA ecosystem. TODAQ to talk containerization on Dave and Gunnar show with Red Hat. Open sourcing collaboration began 2021 with Red Hat as first partner technology team to join TODA ecosystem.
- Cambridge CRDCcoreCo-development partner on TODA protocol and Rigs architecture. Cambridge Centre for Redecentralisation co-founded by TODAQ CSO Dann Toliver. Research collaboration producing academic papers on fair exchange and integrity-at-a-distance.
- UCL (University College London)coreCo-development partner on TODA protocol research. Dr. Geoffrey Goodell, Senior Researcher at UCL, participated in discussions on CBDCs, crypto, and digital value creation with TODAQ CEO.
- ARMcoreProductionization partner for Qatom. ARM Technologies supported the 7-year deep-tech initiative alongside Cambridge CRDC and UCL researchers.
Scale indicators9 records
Recent moves6 records
Expansion highlights7 records
TODAQ competitors and assessment
Company assessmentDirect peers
- Request Network: Request Network provides decentralized payment infrastructure for invoicing and API monetization with crypto rails. Comparable as a payment infrastructure for digital services and API monetization, though their model is more invoice-based versus TODAQ's atomic in-request micropayments.
- Crossmint: Crossmint provides payment and wallet infrastructure for AI agents and autonomous systems, including APIs for AI agents to transact. Comparable as a direct competitor in agentic payments, though Crossmint is more crypto/wallet-oriented versus TODAQ's ledgerless approach.
- Nevermined: Nevermined builds AI agent payment infrastructure enabling agents to discover, pay for, and consume API services autonomously. Directly comparable as an early-stage agentic commerce platform targeting the same agent-to-API micropayment problem.
- Skyfire: Skyfire builds payment infrastructure specifically for AI agents and autonomous systems, enabling AI to transact with APIs and services. Directly comparable to TODAQ's Qatom MCP server as both target the agentic commerce micropayment problem with similar positioning.
- Lightning Network (via LnMarkets/Bitrefill etc.): Lightning Network enables sub-cent Bitcoin micropayments for instant settlement, positioned as a payment rail for API calls and machine-to-machine commerce. Comparable as a micropayment-first infrastructure targeting similar use cases, though blockchain-based versus TODAQ's ledgerless approach.
Broad incumbents
- Stripe: Stripe is the dominant internet payment processor and has launched agentic payments tooling and metered billing for APIs. Comparable as a broad incumbent that TODAQ explicitly positions against; their credit card fees make sub-$1 transactions uneconomic, which is TODAQ's wedge.
- Coinbase Commerce: Coinbase Commerce provides crypto payment infrastructure for merchants and increasingly for AI/agent use cases via USDC. Comparable as a broader incumbent offering agent-friendly payment rails, though primarily crypto-based versus TODAQ's ledgerless file protocol.
- Circle (USDC): Circle issues USDC stablecoin and provides payment APIs being adopted for AI agent transactions. Comparable as a broader stablecoin-based payment infrastructure that competes for the agentic commerce opportunity alongside TODAQ's USD-TDN.
- AWS micropayment / API monetization platforms: AWS offers API Gateway with usage-based billing and metered monetization through AWS Marketplace. Comparable as a broad incumbent offering API monetization and pay-per-call infrastructure, though with traditional billing cycles versus TODAQ's atomic per-call settlement.
- Rainforest (by Algorand): Algorand is a blockchain positioned for micropayments and real-time settlement with low fees. Comparable as a broader platform offering micropayment-capable infrastructure, though blockchain-based versus TODAQ's ledgerless file protocol.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
TODAQ social profiles
Digital presenceTODAQ financial estimates
Financial estimateRevenue estimate
Valuation estimate
TODAQ leadership team
Management profileNumber of profiles
Profiles5 records
TODAQ subsidiaries and ownership
Company hierarchySubsidiaries1 record
TODAQ funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TODAQ 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 TODAQ
What does TODAQ do?
TODAQ builds the Qatom payments rail — a hosted MCP server and APIs that let AI agents, software APIs, and human developers send, receive, and settle micropayments atomically inside an HTTP request. Built on the proprietary TODA ledgerless file protocol co-developed with Cambridge CRDC, UCL, and ARM, the platform settles in sub-100ms with zero platform fees, no gas, and no minimum transaction size. Its product surface includes the Qatom MCP server, Qatom Payments API (with JS/Node SDKs), the iOS Qatom wallet app, the TODAQ Console management workspace, and the Twin Proxy / Twin Enterprise API for wrapping any HTTP endpoint as a paid endpoint.
Is TODAQ a public or private company?
TODAQ is a private company. It is classified as venture growth investor backed and is currently operating.
When was TODAQ founded?
TODAQ was founded in 2023. It employs 11 to 50 people.
Where is TODAQ based?
TODAQ is headquartered in Toronto, Canada, in the North America region.
How does TODAQ make money?
Two revenue lines are on record. Transaction-based micropayments are the primary driver. The others are enterprise API access.
Who are TODAQ's main competitors?
Direct peers on record are Request Network, Crossmint, Nevermined, Skyfire and Lightning Network (via LnMarkets/Bitrefill etc.). Broad incumbents are Stripe, Coinbase Commerce, Circle (USDC), AWS micropayment / API monetization platforms and Rainforest (by Algorand).
Does TODAQ have an API?
Yes. TODAQ offers a REST API and Node.js/JavaScript SDK for integrating micropayments. The Qatom Payments API supports AI agents and APIs to transact, pay per call, and earn revenue. Settlement is atomic, in-request, under 100ms with no platform fees. Payment is embedded via X-TODA-Pay headers in HTTP requests. Production URL: https://pay.m.todaq.net, Staging URL: https://pay.stage.m.todaq.net. The API supports commodities (sellable items), digital twins (wallets/merchant accounts), user account management, and payment validation. Twin Enterprise API enables self-hosting the Twin proxy with paywall functionality. Developer documentation is at docs.m.todaq.net.
What industry is TODAQ in?
TODAQ's product category is AI Payments Infrastructure. Its primary akta.pro industry code is FSAMACAE, Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods). Its NAICS code is 522320 and its SIC code is 7371.