In the statement made, CEO and Co-founder of Toqio, Eduardo Martinez Garcia, said,
“After rapidly growing our team and entering the Spanish market, we will now be broadening our focus within Europe, including expansion into France and Germany.”
Also speaking on the funding, Investment director Jay Wilson at AlbionVC said, “The digitization of finance is only just beginning and Toqio has a massive market to go after”.
In the past, the Series A investment was led by AlbionVC, Aldea Ventures, Sanyaa ventures, SIX FinTech Ventures, and a host of investors. In this funding process, Toqio raised €18.7 (#7.8 billion).
Torqio was founded in 2019, by Martinez and Michael Galvin. It previously built a small business SaaS Startup, called Geniac.
The platform allows anyone to launch a new fintech product. It has also helped business owners to offer a wide array of payment solutions, from card payments to money transfers.