Is Neonomics or Toqio better?

Neither clearly leads. Neonomics 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, Neonomics or Toqio?

Neonomics starts at On request and Toqio at On request.

Does Neonomics or Toqio run on more platforms?

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

What is Neonomics best used for?

Neonomics is most often used for a norwegian or swedish merchant collecting payments directly from bank accounts to avoid card fees, a debt collection agency sending request to pay messages instead of chasing bank transfers manually, a software vendor embedding pay by bank into an accounting or invoicing product for nordic customers, a business needing both uk and nordic bank payment coverage from one supplier. Of those, a norwegian or swedish merchant collecting payments directly from bank accounts to avoid card fees and a debt collection agency sending request to pay messages instead of chasing bank transfers manually are not what Toqio is typically brought in for.

What can Neonomics do that Toqio cannot?

Neonomics covers Payment initiation, Account information, Nordic bank depth, UK coverage via Ordo. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

APIs · head to head

Neonomics vs Toqio

Neonomics

APIs

Nordic open banking payments and data, now with UK coverage through Ordo

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: Neonomics coverage outside the Nordics and the UK is comparatively shallow, so a pan European merchant will find gaps and inconsistent bank behaviour in southern and eastern markets.; 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: Neonomics covers Payment initiation, 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 Neonomics and Toqio actually diverge.

Attributes where Neonomics and Toqio differ
Attribute	Neonomics	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 Neonomics

Payment initiation
Account information
Nordic bank depth
UK coverage via Ordo
Variable recurring payments
Request to pay
White label journeys
Reconciliation data

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.

Neonomics

A Norwegian or Swedish merchant collecting payments directly from bank accounts to avoid card feesnot Toqio
A debt collection agency sending request to pay messages instead of chasing bank transfers manuallynot Toqio
A software vendor embedding pay by bank into an accounting or invoicing product for Nordic customersnot Toqio
A business needing both UK and Nordic bank payment coverage from one suppliernot Toqio

Toqio

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

Where each one falls short

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

Neonomics

Coverage outside the Nordics and the UK is comparatively shallow, so a pan European merchant will find gaps and inconsistent bank behaviour in southern and eastern markets.
It is a small company relative to Tink and TrueLayer, so supplier viability and the depth of engineering support behind bank API changes are genuine procurement questions.
Payment initiation only means the merchant handles settlement, reconciliation and refunds, and there is no chargeback framework to fall back on.
Integrating a recently acquired UK business means two regulatory entities and, for a period, two technology stacks, so cross market feature parity is a promise rather than an existing state.
Conversion is governed by each bank's own authentication experience, and Nordic BankID flows behave differently from UK app redirects, so a single UX cannot be assumed across the footprint.

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

Neonomics

On request

Neonomics platform$undefined/year
- Quoted per customer, typically per initiated payment or per API call
- Volume commitments and monthly minimums are common
- Payment initiation only; merchant handles settlement and refunds

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 Neonomics if

You need payment initiation.
You work on Web, API.
You also want account information.

Neonomics 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 Neonomics or Toqio better?: Neither clearly leads. Neonomics 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, Neonomics or Toqio?: Neonomics starts at On request and Toqio at On request.
Does Neonomics or Toqio run on more platforms?: Neonomics runs on Web, API. Toqio runs on Web, iOS, Android, API.
What is Neonomics best used for?: Neonomics is most often used for a norwegian or swedish merchant collecting payments directly from bank accounts to avoid card fees, a debt collection agency sending request to pay messages instead of chasing bank transfers manually, a software vendor embedding pay by bank into an accounting or invoicing product for nordic customers, a business needing both uk and nordic bank payment coverage from one supplier. Of those, a norwegian or swedish merchant collecting payments directly from bank accounts to avoid card fees and a debt collection agency sending request to pay messages instead of chasing bank transfers manually are not what Toqio is typically brought in for.
What can Neonomics do that Toqio cannot?: Neonomics covers Payment initiation, Account information, Nordic bank depth, UK coverage via Ordo. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

Answered from the vendors’ own pages

Neonomics: Is Neonomics authorised in the UK?

Yes, through the acquisition of Ordo, an FCA authorised open banking payments firm, approved by the FCA and the Norwegian regulator.

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.

Neonomics: Does it support variable recurring payments?

Yes in the UK through the Ordo capability, subject to which banks support commercial VRP; support elsewhere is more limited.

Toqio: Who is it aimed at?

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

Neonomics: Does Neonomics hold merchant funds?

No. It initiates payments; settlement, reconciliation and refunds remain with the merchant or its payment provider.

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.

Neonomics vs Toqio

Neonomics

Toqio

The short version

Where they differ

What each one covers

Only in Neonomics

Only in Toqio

What people use each for

Neonomics

Toqio

Where each one falls short

Neonomics

Toqio

Pricing, plan by plan

Neonomics

Toqio

Which should you pick?

Choose Neonomics if

Choose Toqio if

Questions people ask

Answered from the vendors’ own pages

Related pages

More on Neonomics

More on Toqio

Keep looking

Other head to heads