Toku
Toku is a Mexico City-based fintech company specializing in payment solutions for subscription-based businesses in Latin America, aiming to enhance monthly revenue collection rates through advanced payment management services.
Company Overview
Toku is a technology platform headquartered in Mexico City, CDMX, Mexico. The company operates in the B2B sector with a focus on providing finance and accounting solutions. Employing around 50 team members, Toku is an early-stage company specialized in helping subscription companies increase their monthly revenue collection rate. It offers a range of payment solutions including payment method management, failed payment retries, payment reminders, and failed payment notifications. Toku's services are designed to reduce default rates and enhance the payment experience for clients.
Services
Toku offers an array of services targeted at B2C companies, primarily to help them increase their monthly revenue collection rate. The services include managing multiple payment methods, retrying failed payments, sending payment reminders, and notifying clients about failed payments. These services aim to provide a seamless payment experience for subscription companies in Latin America, optimizing their recurring payment processes.
Industry and Sub-Industry Focus
Toku operates in the B2B industry, specifically within the finance and accounting sub-industry. The company focuses on providing financial technology solutions that assist subscription-based companies in managing their recurring payments. Tags associated with Toku include FinOps, Fintech, SaaS, Payments, and Subscriptions, highlighting its expertise in financial operations and technology.
Geographic Focus
Toku is primarily active in Mexico and broader Latin American regions. By targeting these areas, the company aims to address the specific needs of subscription companies operating within these markets. Headquartered in Mexico City, CDMX, Mexico, Toku leverages its local presence to serve its clients more effectively.
Y Combinator Involvement
Toku was part of the Y Combinator S21 batch. This affiliation with one of the world's most renowned startup accelerators provides the company with a network of resources and support, contributing to its development and growth in the B2B finance and accounting space.