Toku — Startup Profile
Account Receivables & Payment Relationship Management platform for Latin American enterprises
HQ: Providencia, Santiago, Chile | Founded: 2020 | Employees: 280+ | Stage: Series A | Website: https://trytoku.com
About
Toku is a Chilean fintech company that created Payment Relationship Management (PRM), a new software category that automates the entire financial relationship between businesses and their customers—from first charge to reconciliation. The platform connects enterprise ERPs with banks and payment rails, enabling automated collections via cards, direct debit, bank transfers, and Pix. Toku's AI-driven platform reduces delinquency by 2-5 percentage points within 30 days and boosts automated payment adoption from 10% to 90%. Operating across Chile, Mexico, and Brazil, Toku serves 575+ enterprise clients including MetLife, Chevrolet, Mapfre, Zurich, Liverpool, and Santander. In 2024, the company doubled revenue, tripled TPV, and achieved 160% net dollar retention.
The Take
Toku is a Latin American fintech that created the Payment Relationship Management (PRM) category—a SaaS platform automating the entire recurring payment lifecycle from enrollment to reconciliation. Founded in 2020 by three women-led entrepreneurs from Chile, Toku processed $4B in transaction volume across 575+ enterprise clients in 2025, serving insurance, real estate, education, and financial services sectors in Chile, Mexico, and Brazil. After raising $48M in a Series A led by Oak HC/FT (the largest Series A by a female founder in LatAm), Toku projects 6x revenue growth in Brazil by 2026, targeting the country as its primary market representing 60% of global revenue within five years.
Key Metrics
- Latest Valuation: $175M
- Last Round: $48M Series A (Apr 2025)
- Total Funding: $55M+
- Headcount: 280+
- Founded: 2020
- Annual TPV: $4B (2025)
Funding Rounds
- Round: $35K (2020-03-01) — Start-Up Chile
- Round: $50K (2021-01-01) — Y Combinator
- Round: Undisclosed (2021-09-23) — Y Combinator, Clocktower Technology Ventures
- Round: $7M (2023-03-13) — F-Prime Capital
- Round: $9.3M (2024-04-16) — Gradient Ventures
- Round: $48M (2025-04-17) — Oak HC/FT
Key People
- Cristina Etcheberry
- Francisca Noguera
- Enzo Tamburini
- Ignacio Gajardo
- Francisco Saver
- Raphael Emerick
Key Competitors
- Cleeng —
- Reveniu —
- Forpay —
- Fintoc —
- Tapi —
Timeline Highlights
- 2026-07: Brazil Expansion Announcement
- 2025: Revenue Milestones
- 2025-04: Series A - $48M
- 2024: Executive Team Expansion
- 2024-04: Seed III - $9.3M
- 2023-03: Seed II - $7M
- 2021-09: Seed Round
- 2021-08: Y Combinator S21 Batch
- 2020-03: Start-Up Chile Accelerator
- 2020-03: Founded
Recent News
- Toku appoints Mariano Werner as Chile Country Manager (2026-08-22)
- Toku announces investment to expand in Brazilian market, projects 6x revenue growth (2026-07-17)
- Toku Raises $48 Million Series A (2025-04-17)
- Toku secures $9.3 million in latest funding round led by Gradient Ventures (2024-04-17)
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