Toqio and Visa to provide payment solutions in distribution networks

*Partnership featured in Nilson Report issue 1268: First look

• Toqio customers will be able to access and issue Visa cards through the company's platform.
• The Toqio platform enables companies to act as a nexus between their merchants and   financial institutions by harnessing the potential of embedded finance to improve SME cash flow.
• This partnership shows Visa's commitment to supporting innovation and money movement flows by using the benefits of embedded finance. 

Madrid, Spain - 17 July, 2024 - Toqio, a leading SaaS financial orchestration platform for businesses, has partnered with Visa, a leading global digital payments company, to provide payment solutions   to businesses that by their nature do not offer financial services. The objective is for these corporations to improve their value proposition to their distribution networks by providing them with access to greater liquidity.

This alliance enables large companies to use the Toqio platform, which connects the company's distributors and merchant providers with financial institutions, to better serve their needs and that of the end customer. Often, small businesses struggle with low liquidity and barriers to some financial services, causing payment issues for companies. This alliance will give them more access and availability to funds through the benefits of integrated finance.

The partnership will enable Toqio's corporate clients to access and issue Visa commercial cards, directly from its platform, to improve their operational efficiency and generate new growth possibilities.

Eduardo Martínez García, CEO and co-founder of Toqio, says: "Until now, much of the focus has been on the supply side, but distribution channels, where SMEs are often the main sales channel, remain relatively on the sidelines. These players are the weak link in the distribution channel and their liquidity and cash flow issues can have a direct impact on companies' revenue potential and cash collection. With Toqio, these companies can implement solutions that facilitate the flow of funds through the distribution channel, from the end customer to the manufacturer, and incorporate financing where and when it is needed most."

Eduardo Prieto, Country Manager of Visa in Spain, states: "This partnership demonstrates Visa's dedication to fostering innovation and new payment flows leveraging on the potential of embedded finance. Moreover, we have supported Toqio's growth journey by having them participate in the Visa Innovation Program Europe, where we have witnessed the potential of the project first-hand."

Michael Galvin, Chief Operating Officer and Co-Founder of Toqio, said: "We have quickly understood the value that Visa offers beyond cards and how Toqio can leverage these money movement products to help businesses find new opportunities, drive efficiency and become the preferred financial channel for their customers."

About Toqio

Toqio gives corporates access to financial tools that transform the value of their distribution networks for growth, efficiency, and resilience. Toqio isn't turning corporates into banks, just enabling them to become the link between their merchants and financial institutions looking for new opportunities, unblocking the flow of capital, improving liquidity, and creating new and ownable financial exchange channels in their networks. Toqio believes that corporates can tap the full potential of embedded finance with the right partner, harnessing the massive possibilities for growth lying dormant in their merchant networks. We believe that, with the right partner, companies can harness the full potential of integrated finance, taking advantage of the huge growth possibilities that lie dormant in their business networks.

Contact details

Brilliant Relations
James Brilliant
+44 (0)20 7459 4260
+44 (0)7759 841 863
brilliantrelations.com
james@brilliantrelations.com 

About Visa

Visa (NYSE: V) is a global leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and governments in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone, everywhere, empower, and we see access as a critical factor for the future movement of money.

Apple Tree
Lucía López / Paula Valdés
+34 699 773 127 / 651 324 199
https://appletree.agency/
ll@appletree.agency