<ul><li>Toku has raised $48 million in a Series A funding round for its accounts receivable (AR) software-as-a-service (SaaS) platform targeted at mid-market to enterprise businesses in Mexico, Brazil, and Chile.</li><li>The funding will be used to enhance the go-to-market strategy and accelerate product development.</li><li>Toku's platform aims to streamline payment collection processes in Latin America, reducing delinquency rates and friction for businesses and customers.</li><li>The company provides automated collections, payment orchestration, and customizable payment portals to optimize the payment cycle.</li></ul>

Toku Raises $48 Million to Expand AR Automation Platform in Latin America

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