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Toqio Evolves Platform to Help Large Firms Integrate Embedded Finance into B2B Ecosystems

Toqio, the configurable embedded finance platform, is transitioning away from being a simple SaaS financial service development portal and is gearing up to becoming a fully customisable embedded finance orchestration platform.

Throughout 2023 Toqio’s platform has evolved as it aimed to meet the needs of large companies seeking to integrate corporate-embedded finance into their B2B ecosystems.

With the finance market in upheaval, Toqio’s new platform focus hopes to provide a viable ‘safe haven’ for corporate financial empowerment, genuine market decentralisation, as well as increased financial inclusivity.

As part of the development, Toqio has also announced Kunal Galav as its new VP of product to keep building and improving powerful and user-friendly tools to enable customers to create financial service experiences that matter.

Kunal Galav, VP of product at Toqio
Kunal Galav, VP of product at Toqio

Coming from Mambu with extensive experience in driving business growth within large companies and fast-growing scale-ups, Kunal has led global product, partnership, and innovation teams with a track record of rapidly scaling new business ventures.

Kunal explained his decision to join the company: “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.”

‘We all need to keep up with current developments so no one is left behind’

Ultimately, Toqio is trying to make creating and integrating financial services simpler. Instead of wasting time and money building something in-house, Toqio offers companies a quicker, cost-effective way to embed financial products. With Toqio, companies can bring their concept to market in just a few weeks, saving considerably on development, maintenance, and personnel costs.

Eduardo Martinez Garcia, CEO and co-founder of Toqio
Eduardo Martinez Garcia, CEO and co-founder of Toqio

Eduardo Martinez Garcia, CEO and co-founder of Toqio, said: “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, customise, and launch bank-grade digital solutions. In 2023 we changed our ideal customer profile (ICP), our focus, and our direction. We are re-emerging from our chrysalis.”

In alignment with this, Toqio’s main updates this year included the development of its product along two paths. One is reactive, with ongoing improvements that address usability issues, while the other is proactive, with enhancements that include new features, capabilities, and additions to its API.

“We are re-emerging from our chrysalis”

Toqio’s top developments this year include:

  1. The introduction of low code workflow editing, which gives customers the ability to use a drag-and-drop digital system to customise financial services
  2. Dynamic menu management, making the Toqio platform output even more customisable and relevant
  3. A full Toqio Marketplace beta, where reputable third-party providers offer easy-to-install financial service modules, giving Toqio customers extremely deep customisation capabilities
  4. Numerous platform feature enhancements and interface improvements, including a full redesign of several popular tools, massively expanded UI customisation capabilities, tighter compliance and security options, and many others

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