Series A29 September 2022

Toqio secures €18.7m Series A funding led by AlbionVC to fuel European expansion

The Series A round was led by AlbionVC and will support expansion into France and Germany.

€18.7MSeries A

Toqio provides a low-code SaaS platform that enables businesses to build and launch embedded finance and banking solutions. The company operates across Europe with offices in London and Madrid.

Toqio has secured an €18.7m Series A investment to expand its low-code financial SaaS platform across Europe. The funding round was led by AlbionVC, with participation from Aldea Ventures and returning backers Seaya, Speedinvest, and SIX FinTech Ventures. The company intends to scale its presence into France and Germany following rapid growth in the UK and Spain. Alongside the equity raise, Toqio also received a grant from the Spanish Centre for the Development of Industrial Technology.

From the founder

"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."

Eduardo Martinez

CEO & Co-Founder at Toqio

Investor perspective

"We have been incredibly impressed by Toqio’s growth to date and the exceptional quality of the SaaS business it is building. We are well aligned with the company’s vision of bridging the gap between financial services and financial outcomes. The digitisation of finance is only just beginning and Toqio has a massive market to go after. Mostly, we have been incredibly impressed with Eduardo and Mike and the team they have built around them and look forward to playing a small part to support them in delivering on their bold ambition."