Toqio enters logistics industry via partnership with DSA

London, 05 November 2024 - Toqio, a leading technology platform for B2B embedded finance for businesses, has signed an agreement with the global e-commerce company DSA.

The partnership with the UK and Hong Kong based company marks Toqio’s first foray into the growing logistics market, with the company having already established itself as a leading partner to corporate firms in the hospitality and pharmaceutical sectors, among others.

DSA covers the entire value chain, from sourcing, packaging and shipping, for its 100-plus network of suppliers. It focuses on sourcing and shipping products from China, with fast delivery times to end customers.

The partnership with Toqio can ensure it will continue to strengthen cross-continental relationships and liquidity optimization by leveraging financial products on Toqio.

A report published by Allied Market Research last year suggested the global market for dropshipping was expected to grow to USD 1.67 trillion by 2031, having been valued at USD 155.6 billion in 2021. It attributed the predicted compound annual growth rate (CAGR) of 27.1% between 2022 and 2031 largely to the rise in disposable income and the increase in smartphone penetration.

Similarly, a Straits Research report from 2022 put the market value at USD 222.46 billion in 2022, with an expected CAGR of 28.4% in the period until 2031.

“It’s clear the dropshipping market has enormous growth potential. It’s particularly well-suited to an embedded finance offering because many dropshipping suppliers are relatively small companies and these have historically been the type of companies that have struggled to access the finance they needed from traditional financial providers,” says Eduardo Martinez, CEO of Toqio.

“Toqio works to offer financial products tailored to client needs in a fast and simple way, thanks to the ability to easily extract information through flexible data models that allow corporations to offer liquidity to their network of customers at the right time, gaining their trust and loyalty,‘’ he adds.

“At DSA, we’re committed to delivering fast, reliable solutions across the entire value chain, from sourcing to fulfilment, ensuring every step is optimized for both efficiency and growth. Our partnership with Toqio empowers our clients to scale faster and more consistently, avoiding the common disruptions that frequently lead to expensive setbacks. By integrating embedded finance solutions like DSA Pay, we provide our clients with seamless access to the financial tools they need to manage payments efficiently and without the bottlenecks or interruptions often faced with traditional payment providers,” says Mark Deken, CEO of DSA.

About Toqio

Toqio gives corporates access to financial tools that improve distribution networks in terms of growth, efficiency and resilience. Toqio isn’t turning corporates into banks, but rather enabling them to become the link between their merchants and financial institutions, unblocking the flow of capital, improving liquidity and creating new channels in their networks. Toqio believes that with the right partner, corporates can tap the full potential of embedded finance, harnessing the massive possibilities for growth lying dormant in their merchant networks.

About DSA

DSA empowers e-commerce businesses through their comprehensive, all-in-one backend solution, covering everything from seamless product sourcing and supplier negotiations to fulfilment and logistics. With over 10 years of expertise in China, DSA is more than just a supplier partner; it serves as a bridge to smooth, disruption-free operations through consistency. DSA clients benefit from a range of complimentary services supporting their growth and facilitating them to scale confidently without operational hurdles. DSA is committed to driving sustainable success and stability in the global market.

https://www.dsaglobal.co/

For further information, please contact:

James Brilliant

Email: james@brilliantrelations.com

Phone: +44 (0) 207 459 4260