APIs · head to head
Toqio vs Unit
Toqio
APIs
No code platform for building embedded finance products on your own providers
- From
- On request
- Rated
- -
Unit
APIs
Banking as a service platform for embedding deposit accounts, cards and payments, with a sponsor bank behind it
- 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.; Unit your product depends on a sponsor bank you do not contract with directly, and 2024 showed what that means: Thread Bank received an FDIC enforcement action naming its banking as a service programmes and Blue Ridge Bank went under an OCC consent order and offboarded fintech partners.
- They diverge on capability: Toqio covers No code product builder, Unit covers Deposit accounts.
- Prices and features above were last checked on 1 September 2026.
Where they differ
Only the attributes on which Toqio and Unit 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 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 Unit
- Deposit accounts
- Card issuing
- Payments
- White label components
- Compliance operations
- Lending
- Programme reporting
- Sandbox
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 Unit
- A B2B marketplace launching accounts and cards for its sellers without becoming regulated itselfnot Unit
- A corporate that wants to switch card issuer without rebuilding its customer facing productnot Unit
- A group launching the same embedded finance product across several markets with different local providersnot Unit
Unit
- A vertical SaaS platform for contractors that wants to hold customer funds and issue expense cards without pursuing a charternot Toqio
- A payroll or benefits platform embedding accounts so employees can be paid ahead of schedulenot Toqio
- A marketplace that wants seller balances to sit in real accounts under its own brand rather than as ledger entries at a processornot Toqio
- A company that needs interchange revenue from a card programme to make the unit economics of its core product worknot 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.
Unit
- Your product depends on a sponsor bank you do not contract with directly, and 2024 showed what that means: Thread Bank received an FDIC enforcement action naming its banking as a service programmes and Blue Ridge Bank went under an OCC consent order and offboarded fintech partners.
- Programme approval by the bank is a separate gate from signing with Unit, and it can add months and impose product restrictions that were not visible during the commercial conversation.
- Compliance obligations are shared but the operational load lands on you, and platforms consistently underestimate the staffing needed for disputes, escalations and the bank ongoing oversight requests.
- Pricing is unpublished and blends platform fees, per-account and per-transaction charges and interchange sharing, which makes it hard to model unit economics before you have volume and easy to be surprised by the minimum.
- Migrating a live deposit programme to a different provider or bank is extremely disruptive because it involves moving customer accounts and card credentials, so switching costs are far higher than for ordinary software.
Pricing, plan by plan
Toqio
On request- Toqio platform$undefined/year
- Quoted per customer, typically setup plus recurring platform fee
- Regulated provider fees are separate and contracted by you
- Card interchange and lending economics belong to your provider agreements
Unit
On request- Unit Banking as a Service$undefined/year
- Platform fee plus per-account and per-transaction charges, quoted
- Interchange sharing arrangements negotiated per programme
- Minimum commitment typical
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 Unit if
- You need deposit accounts.
- You work on Web, iOS, Android.
- You also want card issuing.
Questions people ask
- Is Toqio or Unit better?
- Neither clearly leads. Toqio starts at On request and Unit at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Toqio or Unit?
- Toqio starts at On request and Unit at On request.
- Does Toqio or Unit run on more platforms?
- Toqio runs on Web, iOS, Android, API. Unit runs on Web, iOS, Android.
- 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 Unit is typically brought in for.
- What can Toqio do that Unit cannot?
- Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing. Unit covers Deposit accounts, Card issuing, Payments, White label components.
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.
Unit: Who actually holds the money?
A chartered partner bank, not Unit. Deposits sit at the sponsor bank and FDIC insurance flows from that bank, so its condition is your condition.
Toqio: Who is it aimed at?
Large corporates and B2B ecosystem operators embedding finance for suppliers, dealers or marketplace sellers, not consumer fintech startups.
Unit: What happened with Unit sponsor banks in 2024?
Thread Bank received an FDIC enforcement action that explicitly named its banking as a service and lending as a service programmes, and Blue Ridge Bank was under an OCC consent order from January 2024 and offboarded fintech partners. Blue Ridge exited the order in late 2025.
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.
Unit: What does Unit cost?
Not published. Expect a platform fee, per-account and per-transaction charges, an interchange share and a minimum commitment.
Unit: Do we need our own compliance team?
Yes. Unit supplies tooling and the bank sets the rules, but disputes, escalations and evidence for bank oversight require named people on your side.
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