T

Toku

www.trytoku.com link_icon

Company Research Report: Toku



Company Overview



  • Name: Toku

  • Mission: No information is available

  • Founded: No information is available

  • Founders: No information is available

  • Key People:

  • Daniel Assis, Subgerente del Área Digital

  • Juan José Jove, Gerente de Operaciones Financieras, Liberty Seguros

  • Belén Tolosa, Jefa de Administración, Maihue

  • Marcos Parraguez, CEO, Gama Mobility

  • Juan Echeverría, CFO, Security Sat

  • Headquarters: Chile, Mexico, Brazil

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known for: Toku is known for being a platform that specializes in the collection and management of recurring payments. Toku provides solutions for a variety of sectors such as education, insurance, utilities, real estate, telecommunications, and financial services.


Products



Toku offers a suite of products designed to streamline and enhance the process of collecting recurring payments:

1. Portal de Pagos
  • Description: A personalized online portal where clients execute payments without being redirected to external sites.

  • Key Features:

  • Customizable with the client's logo and colors.

  • Supports various payment options and automatic payment activation.


2. Gestión y Cobranza
  • Description: Tools for managing and automating the entire payment collection process.

  • Key Features:

  • Reduces manual tasks and increases revenue.

  • Automatic registration and intelligent payment retries.

  • Provides real-time visibility of payment information.


3. Integrations
  • Description: Allows businesses to integrate Toku quickly into their existing systems.

  • Key Features:

  • Supports industry-standard integration methods via API, FTP, and native integrations with systems like Oracle and SAP.

  • Provides file-based data exchange without development needs (Excel, CSV, TXT).


4. Security
  • Description: Ensures the highest level of security for online transactions.

  • Key Features:

  • PCI Compliance Level 1 certification.

  • Uses tokenization for securing sensitive credit card data.


Recent Developments



  • Funding: Toku raised $9.3 million in Series A funding, indicating growth and expansion within the industry.

  • Client Success: Notable case studies showcase significant metrics such as increasing approval rates and reducing manual workloads. For instance:

  • Vida Cámara achieved a 97% approval of payments with Toku's systems.

  • Maihue reduced delinquency rates by 7%.

  • Liberty Seguros processed 70% of their transactions through Toku.

  • Tripp increased their total collection by 20%.

  • Essbio increased automatic payment enrollment by 72%.

  • UDLA tripled its automatic payment registration rate.

  • Security Sat lowered its rejection rate by 80%.


  • Technological Implementation: Toku is implementing and promoting payment tokenization to enhance transactional security, especially critical amid growing concerns about cybersecurity.


  • Partnerships and Collaborations: Toku has integrated with various institutional systems (e.g., ERP and CRM like Oracle and SAP), facilitating ease of payment management for its clients.


  • Geographical Reach: Toku has a presence and provides service in Chile, Mexico, and Brazil, expanding its footprint in the Latin American market.


Conclusion



Toku is leveraging digital technology to redefine and streamline the payment collection processes. With a strong focus on security, user experience, integration flexibility, and operational efficiency, Toku stands out as a crucial ally for businesses aiming to enhance their financial workflows and customer satisfaction. Their recent funding and successful implementations across various industries highlight their role as a pioneer in the payment solutions market.