TOQIO

TOQIO, established in 2019 by co-founders Eduardo Martinez Garcia and Michael Galvin, operates as a Software-as-a-Service (SaaS) platform specializing in embedded finance. The company is headquartered in London, with additional offices in Madrid and Nairobi. The founders, Martinez (CEO) and Galvin (CCO), previously collaborated on Geniac, a SaaS platform for business administration that was later acquired by Grant Thornton, providing them with foundational experience in the sector.

TOQIO's core offering is a low-code/no-code platform that enables businesses, financial institutions, and non-financial corporations to create and launch their own fully branded banking and finance solutions. The platform is designed to significantly reduce the time-to-market for new financial products, allowing clients to deploy solutions in weeks rather than months or years. This is achieved by providing a configurable framework with over 300 UI elements, customizable workflows, and a marketplace of pre-integrated, third-party financial service providers. Clients can build and deploy solutions for various B2B use cases, such as creating new revenue streams, improving cash cycles, and integrating financial services directly into their existing ecosystems.

The company's business model is centered on its SaaS platform, which empowers corporates to act as distributors of financial products to their own ecosystems of SMEs, suppliers, or customers. This model addresses a market gap by making it easier for corporations to offer tailored financial products like payments and lending, while also helping SMEs access financial services they might otherwise struggle to obtain. TOQIO generates revenue by providing businesses with the tools to build, launch, and manage these financial solutions. The platform is sector-agnostic, with applications in industries ranging from food and beverage to logistics and retail.

Since its inception, TOQIO has achieved several key milestones, including securing over 50 clients across Europe and expanding into the Spanish and US markets. The company has raised a total of $28.6 million over three funding rounds, including a significant Series A round of approximately €20 million ($19.2M) and a grant from Spain's Centre for the Development of Industrial Technology (CDTI). Key investors include AlbionVC, Seaya, Speedinvest, and SIX FinTech Ventures.

Keywords: embedded finance, fintech SaaS, low-code platform, B2B financial solutions, financial services integration, banking-as-a-service, custom finance apps, corporate finance, SME financing, payments orchestration