Mexican fintech Toku raised a $48M Series A extension led by Oak HC/FT, with participation from Gradient Ventures, F-Prime Capital, Clocktower, Y Combinator, and Honey Island. The round follows Toku’s $9.3M Series A in April 2024, bringing its total funding to $55M.
Toku centralizes collections and payments by integrating with ERPs to automate billing, payment reconciliation, and omnichannel communication across email, SMS, and WhatsApp.
Toku will use the funds to scale its go-to-market strategy in Mexico, Brazil, and Chile, and to accelerate product development.
“Latin America still depends on manual, inefficient billing processes that increase delinquency and frustrate customers. This round confirms the demand for Toku’s technology, and we’re excited to bring it to more companies and regions,” said Cristina Etcheberry, CEO and co-founder of Toku.
Founded in 2020, Toku serves over 450 companies, including Santander, Chevrolet, and MetLife, and reports doubling revenue and tripling its total payment volume in 2024.
