Toqio, a London, UK-based fintech SaaS provider, raised €20m in funding.
The €18.7M Series A round was led by AlbionVC with participation from Aldea Ventures, Seaya, Speedinvest, SIX FinTech Ventures, Leandro Sigman, Endeavor Spain and The Centre for the Development of Industrial Technology. Earlier this year, Toqio officially launched in the Spanish market, and secured a €1.3m grant from the Spanish Centre for the Development of Industrial Technology. The round was led by Emil Gigov and Jay Wilson of AlbionVC with Jay Wilson joining the Toqio Board of Directors following the investment.
The company intends to use the funds to expand operations and continue its growth throughout Europe.
Co-founded by Eduardo Martinez and Michael Galvin, Toqio provides a platform to incorporate curated fintech modules into a solution, offered by financial service providers. Partners of the Toqio marketplace include Clear.Bank, Currencycloud, Modulr, and Railsr, among over 50 customers.
Toqio is headquartered in London with offices in Madrid and Nairobi and has grown to over 100 people.
FinSMEs
29/09/2022