London, UK - FinTech SaaS provider Toqio has today announced the appointment of Alessandro Palma as CFO. Earlier this year Toqio secured €8m from leading European investors Seaya Ventures, Speedinvest and SIX FinTech Ventures. Palma is a key hire for the growth of the company in 2022 as it looks towards US expansion.
Headquartered in London and Madrid, Toqio makes it easier for any business to quickly launch financial solutions, removing the need to build and manage complex software solutions through its platform and marketplace.
The company is already working with customers across Europe, including financial institutions, FinTech startups, banks, and corporate brands looking to launch and monetise best-in-class financial solutions in their ecosystem. Customers include Crealsa, Wamo and Just Cash Flow.
Prior to joining Toqio, Palma was the CFO and Head of Partnerships of the Non-Alcoholic Beverages Division at AB InBev (ABI), where he added value to the business through strategy, insightful financial management, and business development. Before that, he held various positions at ABI, Boston Consulting Group (BCG), and the Enel Group.
Palma holds a PhD in Nuclear Physics from the University of Rome Sapienza; He has a passion for analytical approaches to complex problems, a skill he started developing as a particle physics researcher at CERN (European Center for Nuclear Research). Palma has an MBA from Harvard Business School.
As CFO of Toqio, Palma will be charged with three key areas for the business: Financial operations, managing everyday money moves to cash management, budgeting and financial investment; Strategic finance, co-leading fundraising efforts together with Toqio’s CEO and identifying opportunities to drive growth and financial value for the business; And partnerships, working with the commercial team to develop meaningful collaboration models with integration, distribution, and other value-add partners.
Speaking on joining the Toqio team, Alessandro Palma CFO of Toqio, said, “To paraphrase Jerry Maguire, the team had me at “curious”: Toqio is led by a team of exceptional, driven people who hold themselves to high standards while building a uniquely curious, considerate, creative, and committed culture that I had to be a part of. Secondly, the impact that Toqio can make in financial services, is incredible. We at Toqio have a real opportunity to build a business that creates tangible value for our customers and partners, but also ultimately contributes to making financial services more accessible to our businesses and communities.”
Eduardo Martinez, CEO and Co-Founder of Toqio, commented, “We are delighted to have Ale join us as CFO at such a pivotal time for Toqio. He is playing a really critical role in the daily operations of the business and bringing the strategic thinking we need for the growth challenges ahead. His focus on both financial health and investment will be invaluable. It’s been amazing to see the positive impact that a great individual like Ale and a good CFO can make to the business.”
Most recently Toqio announced a partnership with HealRWorld, Railsbank, and Mastercard’s Priceless Planet coalition, to power an SDG corporate debit card. The HealRWorld debit card is using Toqio's white-labelled digital finance SaaS platform for its infrastructure.