Fintech SaaS provider Toqio has closed a €20 million Series A funding round led by AlbionVC, with participation from Aldea Ventures, as well as previous investors Seaya, Speedinvest, SIX FinTech Ventures, and angel investors, including Leandro Sigman, Board Member at Endeavor Spain.
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.
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.
