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Toku raises $7m in Seed funding

Chile based payments firm raised $7m in Seed funding led by F-Prime Capital. 

"The payment landscape in LatAm is highly fragmented, with 38 countries using their own payment infrastructure and over 39 currencies. Alongside fraud in the region, a major issue, payment acceptance rates are as low as 30% in some countries", said Rocio Wu, Principal at F-Prime Capital.

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latam, payments