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Toqio transformation: From SaaS portal to embedded finance platform
Wed, 6th Dec 2023

Toqio, a leading player in the embedded finance industry, has announced its evolution from a straightforward SaaS financial service development portal to an entirely customisable embedded finance orchestration platform. This shift aims to better meet the requirements of large businesses looking to incorporate corporate embedded finance into their B2B ecosystems. The launch of this updated platform comes at a time when the finance industry is experiencing significant turbulence, offering a potential avenue for bolstering corporate financial stability, fostering greater market decentralisation, and augmenting financial inclusivity.

As part of its ongoing transformation, Toqio has also announced the appointment of Kunal Galav as the new VP of Product. Galav will be responsible for the ongoing refinement and expansion of Toqio's user-friendly tools, which assist clients in creating impactful financial service experiences. "Toqio's ambition to redefine financial services really spoke to me as I've always loved to build new solutions that help businesses scale. I'm excited to join the team during such a crucial phase for the company and am looking forward to everything we will build together," commented Galav on his appointment. With an impressive record in driving business growth within large companies and fast-growing scale-ups, Galav brings valuable experience to his new role.

Toqio’s platform offers a straightforward and cost-effective method of creating and integrating financial services. By utilising Toqio's services, businesses can bring their concepts to market in a matter of weeks, facilitating substantial savings in terms of development, maintenance, and personnel costs. "The financial service industry is constantly evolving and we all need to keep up with current developments so no one is left behind. As the world's premier embedded finance platform, we're constantly working on new and better tools to give our clients the ability to create, customize, and launch bank-grade digital solutions," said Eduardo Martinez Garcia, the CEO and Co-Founder of Toqio.

Over the past year, the company's main updates included the development of its product along two paths: one reactive and one proactive. The reactive aspect was focused on addressing usability issues, while the proactive side encompassed enhancing features, capabilities, and additions to its API. Among the standout features introduced were low code workflow editing, dynamic menu management, a full Toqio Marketplace beta, and numerous platform feature enhancements and interface improvements.

To disseminate insights about how embedded finance is transforming the industry, Toqio is also launching a podcast series, "Embedded in the Market." Furthermore, Toqio's industry leadership was recognised in November when it was awarded the Deloitte UK Technology Fast 50 award as the Oracle NetSuite Rising Star. The Fast 50 Rising Star awards recognise the innovation and achievements of UK tech businesses leading the way but under four years in operation, and hence ineligible for inclusion in the Deloitte Technology Fast 50 rankings.