Toku, a Santiago, Chile-based accounts receivable SaaS platform, has raised $48 million in Series A funding, bringing its total funding to $55 million.
Investors
The round was led by Oak HC/FT, with participation from Gradient Ventures, F-Prime, Clocktower, Y Combinator, and Honey Island by 4UM.
Oak HC/FT is a venture and growth equity firm specializing in investments in fintech and healthcare. Using partnership as a foundation, Oak HC/FT guides companies and founders at every stage, from seed to growth, to create businesses that make a measurable and lasting impact. Founded in 2014, Oak HC/FT has invested in over 85 portfolio companies and has over $5.3 billion in assets under management. Oak HC/FT is headquartered in Stamford, CT, with an office in San Francisco, CA.
Toku Use of Funds
The company will use the funds to double down on its existing go-to-market strategy and accelerate product development across Latin America.
About Toku
Founded by Cristina Etcheberry, Francisca Noguera, and Enzo Tamburini, Toku is a financial technology company that provides tailored payment solutions to industries with recurring payments. Its software connects companies’ ERPs with banks and payment rails, enabling payment orchestration and automated collections. Its suite includes customizable payment portals, automated reconciliations, and optimized collection strategies. Focused on markets like Mexico, Brazil, and Chile, Toku works with over 450 enterprises, including brands like Chevrolet and MetLife.
Funding Details
Company: Toku SpA
Raised: $48.0M
Round: Series A
Funding Date: April 2025
Lead Investor: Oak HC/FT
Additional Investors: Gradient Ventures, F-Prime, Clocktower, Y Combinator, Honey Island by 4UM
Company Website: https://www.trytoku.com/
Software Category: Accounts Receivable / Fintech SaaS
Source: https://www.businesswire.com/news/home/20250416064243/en/