“Can a Latin American recurring-payments platform become the enterprise collections and payments OS for Chile, Mexico, and Brazil — the way Stripe did for the US?”
Founded in 2020 as a recurring-payments automation platform focused on Chile's PAC/PAT bank-debit infrastructure, Toku expanded into Mexico and Brazil to become a multi-country account-receivables SaaS. The platform evolved from basic payment-mandate enrollment to a full collections orchestration suite with ERP/CRM connectors, intelligent retry logic, automated reconciliation, and AI-powered conversational collection agents. The $48M Series A in 2025 signals a push toward being the Stripe-like payments OS for large enterprises in Latin America.
Toku integrates with ERP connectors (unnamed) and CRM connectors (unnamed).
Toku was founded by Cristina Etcheberry and is founded in 2020, headquartered in Santiago, Chile.
Toku has raised $65M (approx.) in total (latest round: Series A, April 2025).
Get a read on where your own stack stands against Toku and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.