Oak HC/FT leads a $48 million Series A investment in Toku, a platform revolutionizing payment processes for businesses across Latin America.
Target Information
Earlier this month, Oak HC/FT announced its leadership in a $48 million Series A investment in Toku, a pioneering platform aimed at modernizing payment collection, reconciliation, and optimization for businesses across Latin America. Significantly, this investment represents the largest Series A ever secured by a female founder in the region and marks Oak HC/FT's fourth fintech investment in Latin America.
Founded in 2020, Toku has rapidly positioned itself within the payments landscape, focusing on alleviating the challenges faced by over 130,000 mid-market and enterprise firms in Latin America. The platform addresses the inefficiencies arising from manual payment collection processes, providing businesses with streamlined workflows that enhance visibility and control over their financial operations.
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Industry Overview in Latin America
The payment collection landscape in Latin America remains largely manual and inefficient, hindering the growth potential of thousands of mid-market and enterprise companies. Many finance teams struggle with disconnected workflows, encompassing the management
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Disclosed details
Transaction Size: $48M