APIs · head to head
Toqio vs Treasury Prime
Toqio
APIs
No code platform for building embedded finance products on your own providers
- From
- On request
- Rated
- -
Treasury Prime
APIs
Banking as a service platform sold to sponsor banks rather than to fintechs
- From
- On request
- Rated
- -
The short version
- Each has a real cost: 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.; Treasury Prime a fintech cannot buy Treasury Prime directly since the 2024 pivot, so the sales process starts with finding a sponsor bank willing to take your programme, which adds months and removes most of your negotiating leverage on fees.
- They diverge on capability: Toqio covers No code product builder, Treasury Prime covers BankOS.
- Prices and features above were last checked on 1 September 2026.
Where they differ
Only the attributes on which Toqio and Treasury Prime actually diverge.
| Attribute | Toqio | Treasury Prime |
|---|---|---|
| Platforms | Web, iOS, Android, API | API, Web |
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 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
Only in Treasury Prime
- BankOS
- OneKey Banking
- Deposit accounts
- Payments
- Card issuing
- Bank oversight tooling
- Ledger and reconciliation
- Programme onboarding
What people use each for
The jobs each tool is most often brought in to do.
Toqio
- A manufacturer offering branded working capital finance to its dealer networknot Treasury Prime
- A B2B marketplace launching accounts and cards for its sellers without becoming regulated itselfnot Treasury Prime
- A corporate that wants to switch card issuer without rebuilding its customer facing productnot Treasury Prime
- A group launching the same embedded finance product across several markets with different local providersnot Treasury Prime
Treasury Prime
- A community or regional bank that wants to run an embedded finance line with examiner-acceptable oversight of its fintech programmesnot Toqio
- A fintech that has already chosen its sponsor bank and needs API access to that bank rather than to a middleware layernot Toqio
- A company that wants deposits spread across several banks for FDIC coverage beyond a single institution limitnot Toqio
- A bank replacing a fragile middleware arrangement with a structure where it holds the customer contract and the oversight obligationnot Toqio
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
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.
Treasury Prime
- A fintech cannot buy Treasury Prime directly since the 2024 pivot, so the sales process starts with finding a sponsor bank willing to take your programme, which adds months and removes most of your negotiating leverage on fees.
- Commercial terms including minimum deposit balances, reserve requirements and per transaction pricing are set by the bank rather than the platform, so two fintechs on the same software can face materially different economics with no public benchmark.
- The company cut roughly half its staff in the 2024 pivot, which reduced the teams that supported fintech customers directly and left fintechs relying on their bank for support rather than on the vendor who wrote the software.
- Bank risk appetite is now the binding constraint, and after the Synapse failure sponsor banks decline programmes in higher risk categories that a middleware provider would once have onboarded, so some business models simply cannot get placed.
- If your sponsor bank exits the programme or is told by its regulator to reduce fintech exposure, you are migrating your entire deposit base to another institution, and the software being the same at both ends does not make that a small project.
Pricing, plan by plan
Toqio
On request- Toqio platform$undefined/year
- Quoted per customer, typically setup plus recurring platform fee
- Regulated provider fees are separate and contracted by you
- Card interchange and lending economics belong to your provider agreements
Treasury Prime
On request- BankOS$undefined/year
- Sold to sponsor banks, not directly to fintechs
- Fintech commercial terms are set by the sponsor bank
- Minimum deposits, reserves and per transaction fees vary by bank
Which should you pick?
Choose Toqio if
- You need no code product builder.
- You work on Web, iOS, Android, API.
- You also want provider orchestration.
Choose Treasury Prime if
- You need bankos.
- You work on API, Web.
- You also want onekey banking.
Questions people ask
- Is Toqio or Treasury Prime better?
- Neither clearly leads. Toqio starts at On request and Treasury Prime at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Toqio or Treasury Prime?
- Toqio starts at On request and Treasury Prime at On request.
- Does Toqio or Treasury Prime run on more platforms?
- Toqio runs on Web, iOS, Android, API. Treasury Prime runs on API, Web.
- What is Toqio best used for?
- Toqio is most often used for a manufacturer offering branded working capital finance to its dealer network, a b2b marketplace launching accounts and cards for its sellers without becoming regulated itself, a corporate that wants to switch card issuer without rebuilding its customer facing product, a group launching the same embedded finance product across several markets with different local providers. Of those, a manufacturer offering branded working capital finance to its dealer network and a b2b marketplace launching accounts and cards for its sellers without becoming regulated itself are not what Treasury Prime is typically brought in for.
- What can Toqio do that Treasury Prime cannot?
- Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing. Treasury Prime covers BankOS, OneKey Banking, Deposit accounts, Payments.
Answered from the vendors’ own pages
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.
Treasury Prime: Can a fintech buy Treasury Prime directly?
No. Since the 2024 pivot it sells to banks. A fintech contracts with a sponsor bank running BankOS, and the bank sets the terms.
Toqio: Who is it aimed at?
Large corporates and B2B ecosystem operators embedding finance for suppliers, dealers or marketplace sellers, not consumer fintech startups.
Treasury Prime: Why did it change model?
Regulatory pressure on the tri-party middleware structure, sharpened by the Synapse failure. Examiners want the bank holding the customer contract and the oversight obligation, which is what bank-direct means.
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.
Treasury Prime: What is OneKey Banking?
A way of spreading deposits across several banks in the network, used for FDIC coverage above a single institution limit and for resilience if one bank exits.
Treasury Prime: Is pricing published?
No, at neither the bank nor the fintech level. Fintech economics are set by the sponsor bank, so expect wide variation.
Related pages
More on Treasury Prime
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