New Toqio CFO Palma, who previously served as CFO and head of partnerships of the non-alcoholic beverages division at AB InBev (ABI), will be charged with three key areas for the business:

• financial operations: managing everyday money moves to cash management, budgeting and financial investment;
• strategic finance: co-leading fundraising efforts together with CEO Eduardo Martinez, and identifying opportunities to drive growth and financial value for the business;
• partnerships: working with the commercial team to develop collaboration models with integration, distribution, and other value-add partners.

At ABI, Palma added value to the business through strategy, insightful financial management, and business development.

Prior to this, he held various other positions at ABI, as well as serving as principal at Boston Consulting Group (BCG), and M&A associate at Enel Green Power.

The new appointment holds a PhD in Nuclear Physics from the University of Rome Sapienza, and developed analytical skills while working as a particle physics researcher at CERN (European Centre for Nuclear Research).

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“Toqio is led by a team of exceptional, driven people who hold themselves to high standards while building a uniquely curious, considerate, creative, and committed culture that I had to be a part of,” said new Toqio CFO, Palma.

“Secondly, the impact that Toqio can make in financial services, is incredible. We at Toqio have a real opportunity to build a business that creates tangible value for our customers and partners, but also ultimately contributes to making financial services more accessible to our businesses and communities.”

Toqio CEO and co-founder, Martinez, commented: “We are delighted to have Ale join us as CFO at such a pivotal time for Toqio. He is playing a really critical role in the daily operations of the business and bringing the strategic thinking we need for the growth challenges ahead.

“His focus on both financial health and investment will be invaluable. It’s been amazing to see the positive impact that a great individual like Ale and a good CFO can make to the business.”

About Toqio

Fintech SaaS provider Toqio, founded in 2019, provides a global financial platform that lets businesses quickly launch and monetise new solutions for customers.

Based in London and Madrid, the company looks to continuously aid banks, Fintech startups and corporations in bringing innovative new solutions to market, with customers across Europe including Crealsa, Wamo and Just Cash Flow.

Its appointment of Palma as CFO follows an €8 million seed round, announced earlier this year to expand the business across Europe and enter the US market.