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APIs · head to head

Asyncapi vs Toqio

Asyncapi logo

Asyncapi

APIs

Specification and tools for defining asynchronous APIs

From
Free
Rated
-
Full reviewWebsite
Toqio logo

Toqio

APIs

No code platform for building embedded finance products on your own providers

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Asyncapi has a free tier, so it costs nothing to try first.
  • Each has a real cost: Asyncapi complex to implement and debug asynchronous operations due to their non-linear and concurrent nature; Toqio toqio holds no licence and provides no sponsor bank, so you must find, contract and manage regulated providers yourself, which is the slowest part of any embedded finance launch.
  • They diverge on capability: Asyncapi covers API Specification, Toqio covers No code product builder.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Asyncapi and Toqio actually diverge.

Attributes where Asyncapi and Toqio differ
AttributeAsyncapiToqio
Starting priceFreeOn request
Pricing modelopen-sourcequote
Free tierYesNo
PlatformsWeb, CLI, IDE ExtensionsWeb, iOS, Android, API
Founded2019Unknown

Identical on both: user rating (Not yet rated), category (APIs).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Asyncapi

  • API Specification
  • Code generation
  • Documentation
  • Multiple messaging protocols
  • Code generators
  • Specification support
  • Tools support
  • CLI support

Only in Toqio

  • No code product builder
  • Provider orchestration
  • Account and card modules
  • Embedded financing
  • Back office tooling
  • Multi entity and multi brand
  • White label mobile apps
  • Marketplace of providers

What people use each for

The jobs each tool is most often brought in to do.

Asyncapi

  • API Developmentnot Toqio
  • API Gatewaynot Toqio
  • API Testingnot Toqio
  • API Documentationnot Toqio
  • Microservicesnot Toqio

Toqio

  • A manufacturer offering branded working capital finance to its dealer networknot Asyncapi
  • A B2B marketplace launching accounts and cards for its sellers without becoming regulated itselfnot Asyncapi
  • A corporate that wants to switch card issuer without rebuilding its customer facing productnot Asyncapi
  • A group launching the same embedded finance product across several markets with different local providersnot Asyncapi

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Asyncapi

  • Complex to implement and debug asynchronous operations due to their non-linear and concurrent nature
  • Keeping AsyncAPI documents up to date is challenging as systems evolve
  • Tracing and debugging asynchronous operations is more difficult than synchronous request-response patterns

Toqio

  • Toqio holds no licence and provides no sponsor bank, so you must find, contract and manage regulated providers yourself, which is the slowest part of any embedded finance launch.
  • Because it orchestrates rather than provides, the customer experience is only as good as the underlying bank or issuer, and Toqio cannot fix a partner's settlement delays or outages.
  • Pricing is quoted with no public rate card, so comparing it against building in house or against a bundled banking as a service provider requires a full sales process.
  • With around EUR 30 million raised in total it is a small supplier to underpin a financial product a large corporate expects to run for a decade, which raises real continuity questions in procurement.
  • No code configuration covers standard patterns well but bespoke customer journeys eventually require custom development, at which point the main advantage over building directly on provider APIs narrows.

Pricing, plan by plan

Asyncapi

Free
  • Open SourceFree
    • AsyncAPI specification
    • Tools
    • Community support

Toqio

On request
  • Toqio platform$undefined/year
    • Quoted per customer, typically setup plus recurring platform fee
    • Regulated provider fees are separate and contracted by you
    • Card interchange and lending economics belong to your provider agreements

Which should you pick?

Choose Asyncapi if

  • You need api specification.
  • You want to start without paying.
  • You work on Web, CLI, IDE Extensions.
  • You also want code generation.
Asyncapi review

Choose Toqio if

  • You need no code product builder.
  • You work on Web, iOS, Android, API.
  • You also want provider orchestration.
Toqio review

Questions people ask

Is Asyncapi or Toqio better?
Neither clearly leads. Asyncapi starts at Free and Toqio at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Asyncapi or Toqio?
Asyncapi has a free tier; the other does not. Paid plans start at Free for Asyncapi and On request for Toqio.
Does Asyncapi or Toqio run on more platforms?
Asyncapi runs on Web, CLI, IDE Extensions. Toqio runs on Web, iOS, Android, API.
Can I use Asyncapi for free?
Yes. Asyncapi has a free tier, so you can try it without paying. Toqio starts at On request.
What is Asyncapi best used for?
Asyncapi is most often used for api development, api gateway, api testing, api documentation. Of those, api development and api gateway are not what Toqio is typically brought in for.
What can Asyncapi do that Toqio cannot?
Asyncapi covers API Specification, Code generation, Documentation, Multiple messaging protocols. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

Answered from the vendors’ own pages

Asyncapi: What is AsyncAPI used for?

AsyncAPI is an open-source specification for defining and documenting asynchronous APIs, message-driven systems, and event-driven architectures. It serves the same purpose for async APIs as OpenAPI does for REST APIs, providing standardized documentation, code generation, and tooling.

Source
Toqio: Does Toqio provide the banking licence?

No, deliberately. You contract your own bank, issuer or lender, which is why you can replace them without rebuilding the product.

Asyncapi: Is AsyncAPI free to use?

Yes, AsyncAPI is completely free and open-source. It is hosted by the Linux Foundation and supported by community contributions and sponsorships from companies like Postman, IBM, IQVIA Technology, and Solace.

Source
Toqio: Who is it aimed at?

Large corporates and B2B ecosystem operators embedding finance for suppliers, dealers or marketplace sellers, not consumer fintech startups.

Asyncapi: What protocols and technologies does AsyncAPI support?

AsyncAPI supports multiple protocols and technologies including Kafka, RabbitMQ, MQTT, Socket.IO, AWS EventBridge, and others. It provides language support for JavaScript/TypeScript, Python, Java, Go, C#/.NET, Kotlin, and PHP.

Source
Toqio: How much does it cost?

Not published. Expect a setup fee plus a recurring platform fee, with all regulated provider costs on top and separately contracted.

Asyncapi: Does AsyncAPI have IDE support?

Yes, AsyncAPI has IDE extensions available for VSCode and IntelliJ, along with CLI utilities and GitHub Actions integration for developers.

Source
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