F-Prime Capital leads a seed investment in Toku, a Chilean startup poised to transform the fragmented payments ecosystem for businesses in Latin America.

Information on the Target

Toku is a Chilean technology startup revolutionizing the payments landscape for businesses in Latin America. Focused on payment orchestration, Toku simplifies the process of collecting recurring revenue by offering a comprehensive suite of services, including subscription management software, CRM support, and account-to-account payment solutions. With an ambitious vision to unify the fragmented payment landscape in the region, Toku aims to support over 50,000 businesses in enhancing their collection processes and improving cash flow.

The company's mission is particularly significant in a region characterized by diverse currencies and a multitude of payment infrastructures across 38 countries. Toku’s innovative approach addresses the low approval rates and high fraud incidences that plague the Latin American payment ecosystem, providing businesses with the tools they need to succeed in a competitive market.

Industry Overview in the Target’s Specific Country

The payment industry in Latin America is facing significant challenges primarily due to its high fragmentation. Each country operates its unique payment systems, leading to inefficiencies and confusion for bus