UK-based Toqio raised €20M.

On Thursday, September 29, UK-based Toqio, a rapidly expanding financial SaaS company, revealed that it has raised €20M in a Series A round of funding. The business wants to become the preferred platform for developing fresh fintech solutions.

Toqio is a fintech platform that enables businesses to build fully customised banking or finance solutions as apps or websites in weeks as opposed to the customary six months. Clients can launch particular use cases using the platform on a single, shared infrastructure. This includes their online card, lending, and banking services.

According to Toqio, it will use the money to expand its growth across all of Europe. The fintech business recently announced a number of new senior hiring in London and Madrid, expanding its staff to over 100 over the course of the previous year.

They are now spreading their focus throughout Europe and plan to expand into France and Germany after quickly expanding their workforce and entering the Spanish market. They intend to become the world’s leading fintech SaaS platform, enabling their clients to create, customise, and launch bank-grade digital finance solutions, enriched by our Marketplace of reliable and trusted partners. This new funding round will allow them to continue evolving and achieving their vision.

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