Chilean fintech Toku, an all-in-one recurring payment platform, raised $9.3M in a Series A round led by Gradient Ventures. Existing investors F-Prime Capital, Clocktower, Y Combinator, Wolf, and Funders Club, also participated in the round. Toku’s total funding reaches nearly $20M with this.
Toku will use the funds to push expansion in Mexico, Brazil, and Chile.
“As LatAm digital commerce grows rapidly, businesses and consumers face challenges in payment processing and communications. Toku delivers best-in-class payment technology with a high-end customer experience to businesses of all sizes and industries,” said Zachary Bratun-Glennon, General Partner at Gradient Ventures.
Toku’s platform automates the entire payment processing and collection lifecycle, from offering payment options to customer contact and collection.
Founded in 2020 by Cristina Etcheberry, Francisca Noguera, and Enzo Tamburini, Toku has reached a 70% quarterly revenue growth since its start.