Toku, a Santiago, Chile-based all-in-one recurring payments platform, has raised $9.3 million in Series A funding, bringing its total funding to nearly $20 million.
Investors
The round was led by Gradient Ventures, with participation from existing investors F-Prime Capital, Clocktower, Y Combinator, Wollef, and Funders Club.
Gradient Ventures is a venture capital fund run by Google. Founded in 2017, the firm seeks to invest in seed-stage and early-stage Artificial Intelligence (AI) companies.
Toku Use of Funds
The company will use the funding to fuel its expansion in Mexico, Brazil, and Chile.
About Toku
Founded in 2020 by Cristina Etcheberry, Francisca Noguera, and Enzo Tamburini, Toku is a financial technology company specializing in comprehensive payment solutions. The company provides tailored payment solutions 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. With operations in Mexico, Chile, and Brazil, Toku is committed to transforming the financial landscape in Latin America.
Funding Details
Company: Toku
Raised: $9.3M
Round: Series A
Funding Month: April 2024
Lead Investors: Gradient Ventures
Additional Investors: F-Prime Capital, Clocktower, Y Combinator, Wollef, Funders Club
Company Website: https://trytoku.com/
Software Category: Payment Solutions
Source: https://www.prnewswire.com/news-releases/toku-secures-9-3-million-in-latest-funding-round-led-by-gradient-302118870.html