Toqio, a fintech startup, has raised €20 million in funding. With its low-code platform, organisations can design and integrate financial solutions in only a few days. The financial platform has raised €20 million in Series A funding in an effort to establish itself as the go-to platform for developing fresh fintech ideas.
Earlier investors Seaya, Speedinvest, and SIX FinTech Ventures joined Aldea Ventures and AlbionVC in the round, which was led by AlbionVC. It also included a number of angel investors and a €1.3 million grant from the Center for the Development of Industrial Technology of the Spanish government.
Toqio was created to make it simple and quick for the increasing number of fintech companies to develop and introduce fresh banking and financial products. Salesforce, which demonstrates that businesses don’t have to construct everything from scratch in order to improve on what they already have, served as inspiration for the company’s founders Eduardo Martinez and Michael Galvin. The startup is one of many companies attempting to use SaaS to overcome the time and financial constraints connected with launching a new app, platform, or service.
According to Toqio, there is no longer a need to develop and maintain sophisticated software internally because it enables firms to implement financial solutions in a matter of days. Several well-known clients have already signed up with it, including Crealsa, Paysme, Blackstar Capital, and MovePay.
Toqio Co-Founder and CEO Eduardo Martinez Garcia says: “After rapidly growing our team and entering the Spanish market, we’ll now be broadening our focus within Europe, including expansion into France and Germany. This new funding round will enable us to keep evolving and delivering on our vision: we aim to become the world’s premier fintech SaaS platform, giving our clients the ability to create, customise, and launch bank-grade digital finance solutions enriched by our marketplace of reputable and trusted partners.”
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