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 do not offer financial services. The objective is for these corporations to improve their value proposition to their distribution networks by providing them 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 better to serve their needs and those 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, improving their operational efficiency and generating 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 directly impact 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 project’s potential 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 their customers’ preferred financial channel.”
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. With the right partner, we believe that companies can harness the full potential of integrated finance, taking advantage of the huge growth possibilities that lie dormant in their business networks.
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.
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