Toqio - About the company
Toqio is a series A company based in London (United Kingdom), founded in 2019 by Michael Galvin and Eduardo Martinez Garcia. It operates as a Digital Finance SaaS for financial institutions. Toqio has raised $28.6M in funding from investors like Speedinvest, AlbionVC and Aldea Ventures, with a current valuation of £*****. The company has 16 active competitors, including 3 that are funded. Its top competitors include companies like Novac Technology Solutions, Crego and Neofin.
Company Details
Digital Finance SaaS for financial institutions. It offers multiple solutions for banks and financial institutions including digital banking solutions, card programs, financing solutions, and more. It provides digital onboarding, accounts, payments and FX, financing workflows, KYB and KYC, expense management solutions, admin portals, and more. It enables API-based custom integrations with multiple finance providers and more.
- Website
- toqio.co
- Social
- Email ID
- *****@toq.io
Key Metrics
Founded Year
2019
Location
London, United Kingdom
Stage
Series A
Total Funding
$28.6M in 3 rounds
Latest Funding Round
Post Money Valuation
£***** as on Feb 10, 2022
Investors
Ranked
2nd among 16 active competitors
Employee Count
28 as on Jun 30, 2026
Similar Companies
Legal entities associated with Toqio
Toqio is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TOQIO FINTECH LIMITED CIN: 11760343 , United Kingdom, Active | Jan 09, 2019 | - | 8 (As on Mar 31, 2024) |
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Toqio's funding and investors
Toqio has raised a total funding of $28.6M over 3 rounds. Its first funding round was on Jul 06, 2021. Its latest funding round was a Grant (prize money) round on Sep 29, 2022 for $*****. 1 investor participated in its latest round. Toqio has 14 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of Toqio:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 29, 2022 | 1323082 | Grant (prize money) | 2379586 | 2982413 | 7571681 | 8911225 |
Sep 29, 2022 | 1393359 | Series A | 1847179 | 2552560 | 7627344 | |
Jul 06, 2021 | 1145805 | Seed | 1594223 | 1679833 |
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Toqio's founders and board of directors
Founder? Claim ProfileThe founders of Toqio are Michael Galvin and Eduardo Martinez Garcia. Eduardo Martinez Garcia is the CEO of Toqio.
Here are the details of Toqio's key team members:
- Michael Galvin: Co-Founder & CCO of Toqio.
- Eduardo Martinez Garcia: Co-Founder & CEO of Toqio and founder of 1 other company. Contact Info: 2 email addresses
View details of Toqio's Founder profiles and Board Members
Toqio's employee count trend
Toqio has 28 employees as of Jun 26. Here is Toqio's employee count trend over the years:
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Toqio's Competitors and alternates
Top competitors of Toqio include Novac Technology Solutions, Crego and Neofin. Here is the list of Top 10 competitors of Toqio, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Novac Technology Solutions 2006, Chennai (India), Unfunded | Developer of cloud-based platform for digital lending and finance management solutions | - | - | 47/100 |
2nd |  Toqio 2019, London (United Kingdom), Series A | Digital Finance SaaS for financial institutions | $28.6M | 43/100 | |
3rd | AI-powered lending platform | - | - | 40/100 | |
4th | Provider of no-code lending automation platform for financial institutions | $6.03M | 38/100 | ||
5th |  GSCF 1991, Zug (Switzerland), Funding Raised | Provider of working capital solutions and connected capital ecosystem services | - | 37/100 | |
6th |  Counter1-Serve 2013, Nairobi (Kenya), Unfunded | Provider of digital lending software for microfinance institutions | - | - | 30/100 |
7th | Bull Cred Tech 2025, Olimpia (Brazil), Seed | Provider of a white-label platform for worker credit origination and management | $1.8M | 29/100 | |
8th | CredAcc 2021, Jacksonville (United States), Unfunded | Provider of cloud-based platform for loan origination and lifecycle management | - | - | 28/100 |
9th | Provider of web-based software for chit fund management | - | - | 24/100 | |
10th | Provider of chit fund management software and mobile applications | - | - | 24/100 |
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Toqio's Investments and acquisitions
Toqio has made no investments or acquisitions yet.
Reports related to Toqio
Here is the latest report on Toqio's sector:
News related to Toqio
Filter this list•
Toqio partners with Adyen to accelerate Embedded Finance globally
The Paypers•Jun 20, 2025•Toqio, Adyen
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MeaWallet Partners With Toqio to Expand Its Digital Card CapabilitiesFintech Finance•Oct 22, 2024•Toqio, MeaWallet
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Toqio and Visa unite to provide payment solutions in distribution networks to non-financial companiesElectronic Payments International•Jul 23, 2024•Toqio, Visa
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Toqio Evolves Platform to Help Large Firms Integrate Embedded Finance into B2B EcosystemsThe Fintech Times•Dec 06, 2023•Toqio
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Toqio Announces Evolution of Platform to Accelerate Embedded Finance AdoptionFinancial IT•Dec 05, 2023•Toqio
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Michael Pierce Joins Fintech Saas Platform Toqio As Vp Of SalesFinancial IT•May 25, 2023•Toqio, Mambu, FintechOS
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