Toku provides an accounts-receivable SaaS platform that connects companies' ERPs with banks and payment rails to enable payment orchestration and automated collections. Its suite includes customizable payment portals, automated reconciliations, and optimized collection strategies that leverage real-time data to automate the entire payment cycle. In Latin America, Toku increases automated payment adoption from 10% to 90%, helping clients boost revenue and reduce delinquency. The company focuses on mid-market to enterprise customers in Mexico, Brazil, and Chile across insurance, credit, education, real estate and utilities, handling collections ranging from $10 million to $10 billion. In 2024 Toku more than doubled revenue, tripled TPV, and posted 160% net dollar retention; it now serves over 450 enterprises and has more than 150 employees. The company plans to deploy the new funding to double down on its go-to-market strategy and accelerate product development. Toku is a financial technology company that provides comprehensive payment solutions tailored to industries with recurring payments. Its platform automates the entire payment processing and collection lifecycle, from offering payment options to handling customer outreach and collection. Founded in 2020 by Cristina Etcheberry, Francisca Noguera, and Enzo Tamburini, the company is based in Santiago, Chile and operates in Mexico, Chile, and Brazil. In April 2024 Toku raised $9.3 million in a Series A, bringing its total funding to nearly $20 million. The company will use the funding to fuel expansion in Mexico, Brazil, and Chile. The round was led by Gradient Ventures, with participation from existing investors F-Prime Capital, Clocktower, Y Combinator, Wollef, and Funders Club. Toku is a Santiago, Chile–based company that provides intelligent payment optimization software for subscription businesses. Founded in 2020 by Cristina Etcheberry, the platform helps companies collect payments across Latin America and manage collections under their own brand. Hundreds of companies, including Security SAT and Essbio, use Toku to optimize collections and provide customers with a comprehensive payment solution. The company raised $7.15M in seed funding to accelerate growth. Toku intends to use the funds to move toward serving 50,000 companies across Latin America and reaching over 100 million final consumers.

Total raised

$64M

Funding rounds

3

Latest round

Series A

Latest activity

Apr 2025