Toku Raises $9.3M Funding to Expand in Latin America
Toku Raises $9.3M in Funding
Toku's Funding for Expansion
Key Highlights:
- Funding Round: Toku, a provider of recurring payments platform, raised $9.3 million in funding.
- Total Funding: The round brings the total funding amount to nearly $20 million.
- Investors: Gradient Ventures led the round, with participation from existing investors F-Prime Capital, Clocktower, Y Combinator, Wollef, and Funders Club.
- Expansion Plans: Toku plans to use the funds to accelerate its expansion in Mexico, Brazil, and Chile.
Toku's Target Market
- Target Market: Industries with recurring payments, such as subscription-based services, membership organizations, and SaaS companies.
- Businesses Seeking Payment Solutions: Companies looking for comprehensive payment solutions to increase revenue and streamline payment processing.
- Latin American Market: Toku has operations in Mexico, Chile, and Brazil, focusing on expanding its presence in these countries.
What Toku Needs to Buy
- Marketing and Sales Support: Services to enhance marketing and sales efforts, targeting businesses in need of recurring payment solutions.
- Localization and Market Entry: Assistance in entering new markets, including market research, localization of services, and establishing partnerships.
- Technology and Infrastructure: Investments in technology infrastructure to support the scalability and reliability of the recurring payments platform.