The round, which brought the total amount to nearly $20M, was led by Gradient Ventures, with participation from existing investors F-Prime Capital, Clocktower, Y Combinator, Wollef and Funders Club. The company intends to use the funds to accelerate its expansion in Mexico, Brazil, and Chile. Led by CEO Cristina Etcheberry, Toku is a financial technology company specializing in comprehensive payment solutions that provides payment solutions to industries with recurring payments, empowering businesses to increase revenue while minimizing costs through efficient payment processing and enhanced customer experiences. The platform automates the entire payment processing and collection lifecycle from offering payment options to handling customer outreach and collection. The company has operations in Mexico, Chile, and Brazil.