Toqio, a London, UK-based provider of a SaaS global financial platform, raised €8 Million in seed funding. Backers included Seaya Ventures, Speedinvest, and SIX FinTech Ventures.
The company intends to use the funds to expand the platform, scale the team from 19 to over 100, across product, sales, and more, as well as secure a market position in Europe and enter the US market.
Company: Toqio Fintech Ltd.
Raised: €8.0M
Round: Seed Round
Funding Month: July 2021
Lead Investors: Seaya Ventures, Speedinvest
Additional Investors: SIX FinTech Ventures
Company Website: https://toqio.co/
Software Category: SaaS global financial platform
About the Company: Founded in 2019 by serial entrepreneurs Eduardo Martínez and Michael Galvin, Toqio provides a SaaS-based global financial platform that enables any business to launch financial solutions, without building and managing complex software solutions. The solution also comes with a marketplace, which acts as an orchestration layer connecting financial services and FinTech platforms directly into Toqio. Finally, the company provides a management portal offering clients end-to-end customer management. Toqio, which is headquartered in London, is already working with customers across Europe. Customers already include new Spanish bank Crealsa, business banking service Wamo in Malta, and alternative business lender Just Cash Flow in the UK.
Source: https://www.finsmes.com/2021/07/toqio-raises-e8m-in-seed-funding.html