Fast-growing fintech SaaS provider Toqio has secured £17.2m in Series A funding, led by AlbionVC, which also includes a £1.1m grant from a public organisation for technology development in Spain.

International law firm Osborne Clarke advised AlbionVC on the transaction. The team was led by venture and growth capital partner Justin Starling and included corporate associate directors Robert Pook and Elizabeth Yell and corporate associate Chris Flach.

Headquartered in London with offices in Madrid and Nairobi, Toqio has grown rapidly since its formation in 2019. The team went from 17 to over 100 in the past 18 months and recently expanded its services into the Spanish market. Toqio has secured more than 50 customers that have built numerous financial solutions throughout Europe.

Osborne Clarke's international venture capital team is a go-to practice for companies operating in tech-enabled industries. From start-up through venture financing and the growth journey beyond, whether continuing to sale, IPO or international expansion, the team has an outstanding track record advising businesses, entrepreneurs and investors that are driving innovation. Osborne Clarke's dedicated resource centre, OC Ventures, brings together experts from across our international network to deliver a holistic seamless service to clients throughout the ventures ecosystem.

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