APIs · head to head
Synctera vs Toqio
Synctera
APIs
Banking-as-a-service platform that brings its own sponsor bank and compliance tooling
- From
- On request
- Rated
- -
Toqio
APIs
No code platform for building embedded finance products on your own providers
- From
- On request
- Rated
- -
The short version
- Each has a real cost: Synctera implementation fee, platform fee and monthly minimum are all charged and none are published, so a programme cannot model its fixed cost floor without a sales process, and at low volume those fixed fees rather than transaction pricing determine your economics.; 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: Synctera covers Sponsor bank matching, 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 Synctera and Toqio actually diverge.
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 Synctera
- Sponsor bank matching
- Accounts and ledger
- Card issuing
- Money movement
- KYC and KYB
- Transaction monitoring
- Shared bank dashboard
- Lending 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.
Synctera
- A software company adding branded debit cards and accounts that has no appetite for sourcing and negotiating with a sponsor bank itselfnot Toqio
- A fintech whose current bank partner is exiting the programme and needs a replacement with the oversight tooling already in placenot Toqio
- A community bank that wants to run a fintech sponsorship line of business without building transaction monitoring and reconciliation from scratchnot Toqio
- A B2B platform issuing spend cards to its customers that needs KYB, monitoring and card issuing from one contractnot Toqio
Toqio
- A manufacturer offering branded working capital finance to its dealer networknot Synctera
- A B2B marketplace launching accounts and cards for its sellers without becoming regulated itselfnot Synctera
- A corporate that wants to switch card issuer without rebuilding its customer facing productnot Synctera
- A group launching the same embedded finance product across several markets with different local providersnot Synctera
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Synctera
- Implementation fee, platform fee and monthly minimum are all charged and none are published, so a programme cannot model its fixed cost floor without a sales process, and at low volume those fixed fees rather than transaction pricing determine your economics.
- The sponsor bank remains a third party whose risk appetite governs what you can launch, and a bank exiting or tightening its programme can force product changes you did not choose, which has happened repeatedly across the sector.
- Onboarding runs on bank timelines, so several months typically pass between contract and first live customer while compliance policies and flow of funds are reviewed by both Synctera and the bank.
- Coverage is United States focused, so a fintech with cross-border plans needs an entirely separate stack for other markets rather than an extension of this one.
- Sitting between you and the bank means Synctera is another party in the reconciliation chain, and when balances disagree you are coordinating between two organisations rather than one, which lengthens incident resolution.
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
Synctera
On request- Synctera Platform$undefined/year
- Sponsor bank relationship included
- Accounts, ledger and card issuing
- ACH, wire and instant rails
Toqio
On request- Toqio platform$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 Synctera if
- You need sponsor bank matching.
- You work on Web, API.
- You also want accounts and ledger.
Choose Toqio if
- You need no code product builder.
- You work on Web, iOS, Android, API.
- You also want provider orchestration.
Questions people ask
- Is Synctera or Toqio better?
- Neither clearly leads. Synctera 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, Synctera or Toqio?
- Synctera starts at On request and Toqio at On request.
- Does Synctera or Toqio run on more platforms?
- Synctera runs on Web, API. Toqio runs on Web, iOS, Android, API.
- What is Synctera best used for?
- Synctera is most often used for a software company adding branded debit cards and accounts that has no appetite for sourcing and negotiating with a sponsor bank itself, a fintech whose current bank partner is exiting the programme and needs a replacement with the oversight tooling already in place, a community bank that wants to run a fintech sponsorship line of business without building transaction monitoring and reconciliation from scratch, a b2b platform issuing spend cards to its customers that needs kyb, monitoring and card issuing from one contract. Of those, a software company adding branded debit cards and accounts that has no appetite for sourcing and negotiating with a sponsor bank itself and a fintech whose current bank partner is exiting the programme and needs a replacement with the oversight tooling already in place are not what Toqio is typically brought in for.
- What can Synctera do that Toqio cannot?
- Synctera covers Sponsor bank matching, Accounts and ledger, Card issuing, Money movement. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.
Answered from the vendors’ own pages
Synctera: Does Synctera provide the bank?
Yes. Unlike a pure technology vendor, Synctera contracts with sponsor banks and brings one into your programme.
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.
Synctera: What does it cost?
Nothing is published. Expect an implementation fee, a recurring platform fee and a monthly minimum, plus usage charges.
Toqio: Who is it aimed at?
Large corporates and B2B ecosystem operators embedding finance for suppliers, dealers or marketplace sellers, not consumer fintech startups.
Synctera: How long does it take to launch?
Plan for months, not weeks, because both Synctera and the sponsor bank run compliance diligence on your programme.
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.
Synctera: Is it available outside the United States?
Its focus is the United States; it has offered Canadian capability but non-US coverage is limited.
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