Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses often struggle with inefficient billing processes and delayed payments, leading to cash flow problems and increased administrative overhead. Manual collection efforts are time-consuming and can strain customer relationships.
Solution
Toku provides a platform designed to streamline payment processes and automate collections for businesses. The platform offers tools to simplify billing workflows, allowing businesses to send invoices, track payments, and manage customer accounts in a centralized system. By automating payment reminders and offering multiple payment options, Toku helps businesses reduce manual effort, accelerate payment cycles, and improve overall cash flow. The system integrates with existing accounting software to provide a seamless and efficient payment management solution.
Target Audience
Toku primarily targets small to medium-sized businesses (SMBs) across various industries that seek to automate and optimize their billing and payment collection processes.
Features
- Automated invoice generation and delivery
- Payment reminders and notifications
- Multiple payment options for customers (e.g., credit card, ACH)
- Real-time payment tracking and reporting
- Integration with popular accounting software
- Customizable billing schedules and payment terms
- Secure payment processing
- Automated reconciliation of payments