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Toku raises $48m in Series A funding

Chile based accounts receivable SaaS platform raised $48m in Series A funding led by Oak HC/FT.

“Latin America still heavily relies on manual and inefficient payment collection processes, creating challenges for businesses and frustrating customers,” said Cristina Etcheberry, CEO of Toku. “These outdated methods lead to high delinquency rates and unnecessary friction. This latest investment round further validates the demand for Toku’s solutions, and we are excited to bring our technology to even more companies and regions,”

Tags

payments, latam, emerging markets, software, accounts receivable