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Toku Raises USD $7M to Revolutionize Subscription Payments in LatAm

Toku is a Chilean startup that provides subscription companies with intelligent payment optimization software. The platform offers companies full control over their payment collection process, including the ability to use their own brand image and offer a comprehensive payment solution to their customers.

The startup raised founded in 2020 by Cristina Etcheberry recently raised USD $7M in funding. The round was led by F-Prime Capital, accompanied by Wollef, Honey Island by 4UM and existing investors FundersClub and Clocktower, as well as individual investors such as Matías Muchnik (NotCo), Sebastián Kreis (Xepelin), Santiago Lira (Buk) and Daniel Guajardo (HealthAtom).

The company intends to use the funds to move one step forward towards serving the 50,000 companies throughout Latin America and reaching over 100 million final consumers.