Embedded finance platform Toqio enters logistics industry via partnership with DSA
Toqio, a leading technology platform for B2B embedded finance for businesses, has signed an agreement with the global eCommerce company DSA.
The partnership with the UK and Hong Kong based company marks Toqio’s first foray into the growing logistics market, with the company having already established itself as a leading partner to corporate firms in the hospitality and pharmaceuticals sectors, among others.
DSA covers the entire value chain, from sourcing, packaging and shipping, for its 100-plus network of suppliers. It focuses on sourcing and shipping products from China, with fast delivery times to end customers.
The partnership with Toqio can ensure it will continue to strengthen cross-continental relationships and liquidity optimisation by leveraging financial products on Toqio.
A report published by Allied Market Research last year suggested the global market for dropshipping was expected to grow to USD1.67 trillion by 2031, having been valued at USD155.6 billion in 2021. It attributed the predicted compound annual growth rate (CAGR) of 27.1% between 2022 and 2031 largely to the rise in disposable income and the increase in smartphone penetration.
Similarly, a Straits Research report from 2022 put the market value at USD222.46 billion in 2022, with an expected CAGR of 28.4% in the period until 2031.
“It’s clear the dropshipping market has enormous growth potential. It’s particularly well-suited to an embedded finance offering because many dropshipping suppliers are relatively small companies and these have historically been the type of companies that have struggled to access the finance they needed from traditional financial providers,” said Eduardo Martinez, CEO of Toqio.
“Toqio works to offer financial products tailored to client needs in a fast and simple way, thanks to the ability to easily extract information through flexible data models that allow corporations to offer liquidity to their network of customers at the right time, gaining their trust and loyalty,” Martinez added.
“At DSA, we’re committed to delivering fast, reliable solutions across the entire value chain, from sourcing to fulfilment, ensuring every step is optimized for both efficiency and growth. Our partnership with Toqio empowers our clients to scale faster and more consistently, avoiding the common disruptions that frequently lead to expensive setbacks. By integrating embedded finance solutions like DSA Pay, we provide our clients with seamless access to the financial tools they need to manage payments efficiently and without the bottlenecks or interruptions often faced with traditional payment providers,” said Mark Deken, CEO of DSA
