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APIs · head to head

Ozone API vs Toqio

Ozone API logo

Ozone API

APIs

Standards-compliant open banking API layer for banks and regulators

From
On request
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

  • Each has a real cost: Ozone API it provides the API layer, not the core connectivity, so the bulk of the project is still integrating your own core banking systems and that cost is not in the licence.; 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: Ozone API covers Multi-standard support, 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 Ozone API and Toqio actually diverge.

Attributes where Ozone API and Toqio differ
AttributeOzone APIToqio
PlatformsWeb, REST API, LinuxWeb, iOS, Android, API

Identical on both: starting price (On request), pricing model (quote), free tier (No), 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 Ozone API

  • Multi-standard support
  • Consent management
  • Developer portal
  • Regulatory reporting
  • Premium API monetisation
  • Deployment flexibility

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.

Ozone API

  • A building society facing an open banking compliance deadline with no API team of its ownnot Toqio
  • A bank operating in several jurisdictions that must satisfy different open banking standards at oncenot Toqio
  • A regulator or standards body building national open finance infrastructurenot Toqio
  • A bank wanting to sell premium APIs beyond the regulatory minimum without building entitlement plumbingnot Toqio

Toqio

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

Where each one falls short

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

Ozone API

  • It provides the API layer, not the core connectivity, so the bulk of the project is still integrating your own core banking systems and that cost is not in the licence.
  • Value is driven by regulatory obligation, so an institution not under a mandate struggles to build a business case for the spend.
  • It is a small UK vendor selling to large regulated institutions, which raises procurement and vendor viability questions during bank due diligence.
  • Premium API monetisation is a genuine capability but few banks have found real demand, so revenue projections used to justify the purchase often do not materialise.
  • Standards evolve continuously and each revision means a change programme in your own systems, even where Ozone absorbs the specification work at the API edge.

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

Ozone API

On request
  • Ozone API$undefined/year
    • Annual licence or managed service subscription, quoted
    • Scaling by institution size, standards in scope and API call volume
    • Implementation and core integration charged separately

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 Ozone API if

  • You need multi-standard support.
  • You work on Web, REST API, Linux.
  • You also want consent management.
Ozone API 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 Ozone API or Toqio better?
Neither clearly leads. Ozone API starts at On request and Toqio at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Ozone API or Toqio?
Ozone API starts at On request and Toqio at On request.
Does Ozone API or Toqio run on more platforms?
Ozone API runs on Web, REST API, Linux. Toqio runs on Web, iOS, Android, API.
What is Ozone API best used for?
Ozone API is most often used for a building society facing an open banking compliance deadline with no api team of its own, a bank operating in several jurisdictions that must satisfy different open banking standards at once, a regulator or standards body building national open finance infrastructure, a bank wanting to sell premium apis beyond the regulatory minimum without building entitlement plumbing. Of those, a building society facing an open banking compliance deadline with no api team of its own and a bank operating in several jurisdictions that must satisfy different open banking standards at once are not what Toqio is typically brought in for.
What can Ozone API do that Toqio cannot?
Ozone API covers Multi-standard support, Consent management, Developer portal, Regulatory reporting. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

Answered from the vendors’ own pages

Ozone API: Is this a competitor to Plaid or TrueLayer?

No, the opposite side. Ozone is bought by the bank exposing data; Plaid and TrueLayer consume it on behalf of third parties.

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.

Ozone API: Does it connect to my core banking system?

It provides the standards-compliant API surface and adapters, but connecting your core is an integration project you scope separately.

Toqio: Who is it aimed at?

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

Ozone API: Which standards does it support?

UK Open Banking, Berlin Group, FDX, Consumer Data Right and Gulf regional standards, among others, from one platform.

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.

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