B2B embedded finance platform Toqio appoints VP of technology
Toqio, a technology platform for B2B embedded finance for businesses, has appointed Yan Rocubert Paredes as VP of technology. He joins Toqio in the company’s home market of Spain.
Yan Rocubert Paredes joins Toqio (Image: LinkedIn)
He brings 20+ years of experience in the the software engineering space, having previously worked at Adevinta Spain, Raet, Unitrends, and the Ministry of Foreign Affairs of Cuba. Most recently, he was head of engineering at Alma, a buy now, pay later (BNPL) firm in France.
Toqio has also bolstered its sales team with the appointment of Marcello Silvestri as head of sales in the UK. Marcello, too, joins with over 20 years of experience in the EMEA region, having previously held senior sales positions at fintechs Divido and Vizolution, as well as at Western Union, Mastercard and NatWest.
The company says the new hires in its “two key markets” reflect “both its own growth over the last 12 months, and the exceptional growth trajectory forecast for the B2B embedded finance sector”.
It cites research by Juniper Research, published earlier this year, that predicts annual embedded finance revenue reaching $228.6 billion by 2028 (148% more than the $92.2 billion forecast for 2024). The B2B sector is expected to be a major contributor to this growth, according to Juniper.
Toqio was founded in 2019 by Eduardo Martinez (CEO) and Michael Galvin (CCO), with offices in London, Madrid, and Nairobi. It raised €8 million in Seed funding in 2021, followed by €20 million in Series A in 2022.
In the last six months, the start-up has launched new partnerships with Visa and digital payment enabler MeaWallet. It also entered the logistics sector via a partnership with dropship platform DSA.
At the recent Banking Tech Awards (organised by FinTech Futures), which celebrated its 25th anniversary on 4 December, Toqio won in the category of the Best Embedded Finance System.
