Is Solaris or Toqio better?

Neither clearly leads. Solaris 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, Solaris or Toqio?

Solaris starts at On request and Toqio at On request.

Does Solaris or Toqio run on more platforms?

Solaris runs on Web, API. Toqio runs on Web, iOS, Android, API.

What is Solaris best used for?

Solaris is most often used for a retailer or platform launching a german current account or card product without applying for its own licence, a fintech that needs deposit taking and lending, which an e-money licence cannot provide, a european business needing german ibans because customers reject foreign ibans for salary and direct debit, a company requiring german statutory deposit protection on customer balances as a product claim. Of those, a retailer or platform launching a german current account or card product without applying for its own licence and a fintech that needs deposit taking and lending, which an e-money licence cannot provide are not what Toqio is typically brought in for.

What can Solaris do that Toqio cannot?

Solaris covers German banking licence, IBAN accounts, Card issuing, Lending as a service. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

APIs · head to head

Solaris vs Toqio

Solaris

APIs

German banking as a service with a full banking licence and a live regulatory problem

From: On request
Rated: -

Full review Website

Toqio

APIs

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

From: On request
Rated: -

Full review Website

The short version

Each has a real cost: Solaris baFin appointed a special representative in 2022 and extended the mandate in July 2024, so a partner is joining a bank under active supervisory monitoring, with slower approvals and heavier compliance demands as a direct consequence.; 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: Solaris covers German banking licence, 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 Solaris and Toqio actually diverge.

Attributes where Solaris and Toqio differ
Attribute	Solaris	Toqio
Platforms	Web, API	Web, 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 Solaris

German banking licence
IBAN accounts
Card issuing
Lending as a service
Digital assets and custody
SEPA payments
KYC and onboarding
Deposit protection

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.

Solaris

A retailer or platform launching a German current account or card product without applying for its own licencenot Toqio
A fintech that needs deposit taking and lending, which an e-money licence cannot providenot Toqio
A European business needing German IBANs because customers reject foreign IBANs for salary and direct debitnot Toqio
A company requiring German statutory deposit protection on customer balances as a product claimnot Toqio

Toqio

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

Where each one falls short

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

Solaris

BaFin appointed a special representative in 2022 and extended the mandate in July 2024, so a partner is joining a bank under active supervisory monitoring, with slower approvals and heavier compliance demands as a direct consequence.
BaFin fined Solaris EUR 6.5 million in March 2024 for systematically late suspicious activity reports and EUR 500,000 for breaching large exposure limits between January 2022 and March 2024, which is a track record a partner inherits reputationally.
Solaris has previously needed BaFin approval before onboarding new corporate clients, which can turn a commercial decision to launch into a regulatory timetable outside your control.
The 2024 restructuring involved job cuts and the closure of parts of a business unit, so product lines a partner depends on may not have the engineering behind them that the sales process implies.
SBI Holdings acquired majority control in 2025, so strategic direction now sits with a Japanese financial group whose priorities for the European business may differ from the roadmap you were sold.

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

Solaris

On request

Solaris banking as a service$undefined/year
- Quoted per partner, typically setup fee plus monthly platform fee
- Per account, per card and per transaction charges on top
- Interchange sharing arrangements negotiated per programme

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 Solaris if

You need german banking licence.
You work on Web, API.
You also want iban accounts.

Solaris 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 Solaris or Toqio better?: Neither clearly leads. Solaris 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, Solaris or Toqio?: Solaris starts at On request and Toqio at On request.
Does Solaris or Toqio run on more platforms?: Solaris runs on Web, API. Toqio runs on Web, iOS, Android, API.
What is Solaris best used for?: Solaris is most often used for a retailer or platform launching a german current account or card product without applying for its own licence, a fintech that needs deposit taking and lending, which an e-money licence cannot provide, a european business needing german ibans because customers reject foreign ibans for salary and direct debit, a company requiring german statutory deposit protection on customer balances as a product claim. Of those, a retailer or platform launching a german current account or card product without applying for its own licence and a fintech that needs deposit taking and lending, which an e-money licence cannot provide are not what Toqio is typically brought in for.
What can Solaris do that Toqio cannot?: Solaris covers German banking licence, IBAN accounts, Card issuing, Lending as a service. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

Answered from the vendors’ own pages

Solaris: Does Solaris have a real banking licence?

Yes. Solaris SE is a German credit institution, which is why it can offer deposits and lending, unlike e-money based competitors.

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.

Solaris: Is the BaFin action still live?

The special representative appointed in 2022 had the mandate extended in July 2024, and fines were issued in March 2024. Treat supervisory oversight as an active condition in your diligence.

Toqio: Who is it aimed at?

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

Solaris: Who owns Solaris now?

SBI Holdings of Japan agreed in December 2024 and January 2025 to take a majority stake of over seventy per cent for around EUR 100 million.

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.

Solaris vs Toqio

Solaris

Toqio

The short version

Where they differ

What each one covers

Only in Solaris

Only in Toqio

What people use each for

Solaris

Toqio

Where each one falls short

Solaris

Toqio

Pricing, plan by plan

Solaris

Toqio

Which should you pick?

Choose Solaris if

Choose Toqio if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Solaris

More on Toqio

Keep looking

Other head to heads