FinTech SaaS provider Toqio has named a new chairman.
Gabriel de Montessus, group president of Worldpay Global Enterprise, will lead the board as it aims to become the platform of choice for building FinTech solutions.
The platform lets companies create and launch their own fully branded banking or finance solutions. It removes the need to build and manage complex software solutions through its SaaS platform and a marketplace of banking and FinTech partners.
De Montessus will draw upon his strong background in the payment industry to help Toqio expand worldwide and boost revenue through operational and organisational effectiveness, acting as a business partner to CEO Eduardo Martinez Garcia and advising on senior management execution.
The London-headquartered company, which has bases in Madrid and Kenya, has raised €20 million in funding including a €1.3m grant from the Centre for the Development of Industrial Technology (CDTI), a public institution focused on technology development in Spain.
The rest is a Series A investment led by AlbionVC and joined by Aldea Ventures, Seaya, Speedinvest, SIX FinTech Ventures and angel investors.
“I’ve been following what Toqio has been doing for a while and am impressed with what the team has achieved so far,” said de Montessus.
“The company has the potential to revolutionise the FinTech industry and I’m looking forward to helping the Toqio team achieve its mission of enabling the creation and delivery of embedded finance through its world-class platform.”
At Worldpay, Montessus is responsible for the Global Enterprise business, with activities and teams throughout the world (EMEA, APAC, Latam and North America).
Before joining Worldpay, he was EVP of the Merchant Services Business Unit of Ingenico Group, which he joined in 2017 as CEO of Ingenico ePayments & Global Online, leading a successful turnaround of the company’s activities.