What does Toku do?
Toku is a financial technology company offering an account receivable SaaS platform that provides comprehensive payment solutions for industries with recurring payments, helping businesses increase revenue and streamline payment processing.
How much did they raise?
The company raised $48M in a Series A round led by Oak HC/FT, with participation from investors such as Gradient Ventures, F-Prime, Clocktower, Y Combinator, and Honey Island by 4UM.
What are their plans for the money?
With the new funds, Toku plans to expand its go-to-market strategy and accelerate product development, aiming to strengthen its market presence and enhance payment processing capabilities across Latin America.
What have they achieved so far?
Toku has already made significant progress, operating in Mexico, Chile, and Brazil, employing over 150 people and serving more than 450 enterprises including clients like Chevrolet, Mapfre, Liverpool, and MetLife.