# Toqio Fintech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/toqio-fintech

- Industry: Software
- Headquarters: London, UK
- Website: www.toqio.co
- Total disclosed funding: $28M
- Latest round: Series A (Sep 29, 2022)
- Investors on record: 5

## About

Toqio Fintech Limited, established in 2019 and headquartered in London, UK, specializes in providing a robust embedded finance platform that allows businesses to seamlessly integrate financial services into their operations.Toqio Fintech Limited is a London-based company that offers an embedded finance platform designed for corporate and financial institutions. Founded in 2019 by Eduardo Garcia, Jose Nistal, and Michael Galvin, the company has secured EUR 18.7 mn across several funding rounds, with the most recent deal occurring on September 29, 2022. The firm received a funding boost through a Grant of EUR 1.3 mn from investors including the Center for Technological & Industrial Development. Eduardo Garcia leads the company as CEO.Toqio provides an embedded finance platform that enables corporates and financial institutions to integrate financial services into their operations efficiently. Its no-code and low-code solutions allow for rapid deployment of customized financial services across sectors such as hospitality, logistics, and retail. Toqio's offerings include functionalities like accounts, cards, onboarding, and lending, tailored to address the specific needs of small and medium enterprises (SMEs). The platform supports diverse global clients in enhancing customer experiences and generating new revenue streams.In the most recent year, Toqio reported revenue of EUR 1,502,864.50 and an EBITDA of EUR -3,304,014.50 for 2022.Following the recent funding round on September 29, 2022, where Toqio raised EUR 18.7 mn in Series A funding, the company plans to leverage this capital to expand its presence across Europe. The funding will support the development and launch of new products aimed at enhancing its service offerings. Specific details on the upcoming product launches or their release dates have yet to be disclosed.

## Funding rounds

- Series A, Sep 29, 2022, $18M — Speedinvest, Seaya Ventures, AlbionVC, Aldea Ventures, SIX Fintech Ventures
- Seed, Jul 6, 2021, $9.5M — Speedinvest, Seaya Ventures, SIX Fintech Ventures

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A
- Seaya Ventures (https://capitalatlas.ai/funds/seaya-ventures) — Seed, Series A
- SIX Fintech Ventures (https://capitalatlas.ai/funds/six-fintech-ventures) — Seed, Series A
- AlbionVC — Series A
- Aldea Ventures (https://capitalatlas.ai/funds/aldea-ventures) — Series A