Why build a fintech any more when you can just raise €20M and white-label it to banks?

Neo-banks use Open Banking regulations to build their own fintech stacks due to financial institutions struggling to develop their own technologies. That has led to a wave of innovation, and startups have devoured the opportunities to "Platformise" the financial work.

Toqio has raised 20 million in funding.

We haven't seen Toqio since it raised $9.4 million in a seed round last year.

The 18.7 million Series A investment was led by AlbionVC and includes previous investors, as well as angel investors. There is a grant from The Centre for the Development of Industrial Technology.

Crealsa, Paysme, Blackstar Capital and MovePay are some of Toqio's customers.

"After rapidly growing our team and entering the Spanish market, we'll now be broadening our focus within Europe."

Following the investment, Jay Wilson joined the Toqio board.

Jay Wilson said that Toqio has a massive market to go after.

The team has grown across all offices in the last year.

Geniac was acquired by Grant Thornton and was built by the team behind Toqio.