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APIs · head to head

Svix vs Toqio

Svix logo

Svix

APIs

Outbound webhook sending as a service, with retries, signing and a customer-facing portal

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 Svix has a free tier, so it costs nothing to try first.
  • Each has a real cost: Svix the Professional tier at 490 US dollars a month includes the same 50,000 messages as the free tier, so the upgrade buys SLA, throughput and retention rather than volume, which is a jarring step for a growing product.; 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: Svix covers Automatic retries, 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 Svix and Toqio actually diverge.

Attributes where Svix and Toqio differ
AttributeSvixToqio
Starting priceFreeOn request
Pricing modelPer month by message countquote
Free tierYesNo
PlatformsWeb, Cloud, DockerWeb, iOS, Android, API

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 Svix

  • Automatic retries
  • Payload signing
  • Consumer portal
  • Event types and filtering
  • Delivery logs and replay
  • Rate limiting
  • Static source IPs
  • Language SDKs

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.

Svix

  • A SaaS company adding webhooks to its API that does not want to build retry, signing and a customer debugging UI from scratchnot Toqio
  • A payments or fintech product whose customers need signature verification libraries in several languages they did not writenot Toqio
  • An engineering team drowning in support tickets from customers whose endpoints silently failed and who need self-service delivery logsnot Toqio
  • A platform with a small number of very slow customer endpoints that must not delay deliveries to everyone elsenot Toqio

Toqio

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

Where each one falls short

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

Svix

  • The Professional tier at 490 US dollars a month includes the same 50,000 messages as the free tier, so the upgrade buys SLA, throughput and retention rather than volume, which is a jarring step for a growing product.
  • Only attempted messages count toward usage, but a customer with many subscribed endpoints multiplies a single event into many billable messages, and forecasting that fan-out before launch is difficult.
  • The open source server is MIT licensed but trails the hosted product in features, so self-hosting is a fallback position rather than a genuinely equivalent option.
  • Routing outbound customer traffic through a third party puts a vendor in the delivery path for events your customers may treat as contractual, which some security reviews will not accept.
  • Payload retention is 30 days on the free tier and 90 on Professional, so anyone needing longer delivery history for audit must pay for Enterprise or log independently.

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

Svix

Free
  • FreeFree
    • 50,000 messages a month included
    • Overage at $0.0001 per message
    • 99.9% uptime SLA
  • Professional$490/month
    • 50,000 messages included, same as free
    • 99.99% uptime SLA
    • 800 messages per second
  • Enterprise$undefined/year
    • Custom volume and rate limits
    • 99.999% uptime SLA
    • Custom retention

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 Svix if

  • You need automatic retries.
  • You want to start without paying.
  • You work on Web, Cloud, Docker.
  • You also want payload signing.
Svix 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 Svix or Toqio better?
Neither clearly leads. Svix 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, Svix or Toqio?
Svix has a free tier; the other does not. Paid plans start at Free for Svix and On request for Toqio.
Does Svix or Toqio run on more platforms?
Svix runs on Web, Cloud, Docker. Toqio runs on Web, iOS, Android, API.
Can I use Svix for free?
Yes. Svix has a free tier, so you can try it without paying. Toqio starts at On request.
What is Svix best used for?
Svix is most often used for a saas company adding webhooks to its api that does not want to build retry, signing and a customer debugging ui from scratch, a payments or fintech product whose customers need signature verification libraries in several languages they did not write, an engineering team drowning in support tickets from customers whose endpoints silently failed and who need self-service delivery logs, a platform with a small number of very slow customer endpoints that must not delay deliveries to everyone else. Of those, a saas company adding webhooks to its api that does not want to build retry, signing and a customer debugging ui from scratch and a payments or fintech product whose customers need signature verification libraries in several languages they did not write are not what Toqio is typically brought in for.
What can Svix do that Toqio cannot?
Svix covers Automatic retries, Payload signing, Consumer portal, Event types and filtering. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

Answered from the vendors’ own pages

Svix: How much does Svix cost?

Free up to 50,000 messages a month; Professional starts at 490 US dollars a month with the same included volume but better SLA and throughput.

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.

Svix: Can I self-host it?

Yes, there is an MIT licensed server, but it lags the hosted service in features and has no SLA.

Toqio: Who is it aimed at?

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

Svix: What counts as a message?

Attempted or transformed deliveries. Retries and messages filtered out because no endpoint subscribed are not charged.

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.

Svix: Does it handle inbound webhooks?

Its focus is outbound sending on behalf of API providers, not receiving webhooks from third parties.

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