Toqio has closed €20 million in funding led by AlbionVC

Fast-growing fintech SaaS provider and Finnovating member Toqio announced today it has closed €20 million in funding to become the platform of choice for creating new fintech solutions. The €18.7M Series A investment was led by AlbionVC. Toqio 20 million AlbionVC

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The €20 million in funding includes a €1.3 million grant from The Centre for the Development of Industrial Technology (CDTI) a public organisation for technology development in Spain.

With a proliferation of innovative fintechs and financial service providers pouring into the market over the past five years, Toqio has been built to help make these services more accessible through its low-code platform, designed to build and launch new banking and finance solutions quickly and easily.

Toqio is aiming to become the platform choice for creating new fintech solutions. It’s lo-code platform is designed build and launch new banking and finance solutions quickly and easily.

Toqio allows any business, not just banks, to launch embedded finance solutions for their business or consumer customers in a matter of days. It removes the need to build and manage complex software through its SaaS platform and its marketplace. Customers include Crealsa, Paysme and MovePay.

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The €20 million in funding includes a €1.3 million grant from The Centre for the Development of Industrial Technology (CDTI) a public organisation for technology development in Spain.

As part of its expansion plans, Toqio will continue its growth throughout Europe. The fintech SaaS provider recently announced a series of new senior hires in London and Madrid, with its team scaling to over 100 in the past year.

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 Toqio 20 million AlbionVC, Toqio 20 million AlbionVC