The objective is for these corporations to improve their value proposition to their distribution networks by providing them with 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, to better serve their needs and that 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, to improve their operational efficiency and generate 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 have a direct impact on 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 potential of the project 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 the preferred financial channel for their customers."