en.Wedoany.com Reported - Toku has partnered with Cobre to launch a real-time payment collection solution via Mexico's Interbank Electronic Payment System (SPEI). This collaboration targets financial institutions, insurance companies, telecom firms, and utility providers, aiming to enable 24/7 automated collection processes.
Designed for subscription-based business models, the integrated solution embeds Cobre's payment infrastructure into the Toku platform, enabling real-time settlement and automated reconciliation. It specifically addresses the long-standing industry challenge of ensuring timely payments while minimizing user friction.
The partnership is set against the backdrop of structural growth in Mexico's electronic payments. According to data from the Bank of Mexico (Banxico), the SPEI network processed over 7 billion transactions in 2025, exceeding adoption expectations with a year-over-year increase of nearly 40%. Banxico projects that by 2026, SPEI transfer volumes will surpass the combined total of credit and debit card transactions, marking a structural shift in the country's payment landscape.
The integrated technology synchronizes payment generation, invoice collection, and transaction confirmation directly with customers' Enterprise Resource Planning (ERP) systems.
José Vicente Gedeón, CEO and Co-founder of Cobre, stated that the SPEI infrastructure is redefining how money moves in Mexico, and the partnership with Toku brings this efficiency to an ecosystem that has long faced operational friction in collections, helping build the infrastructure needed for Mexican companies to compete on a global standard.
Bernardo Prum, Country Manager for Toku Mexico, noted that the integration eliminates manual intervention in financial workflows. Toku automates the relationship with payers, while Cobre transfers funds in real time; reconciliation and tracking that previously took days are now completed automatically in the background.
Toku simplifies accounts receivable operations by connecting enterprise ERP software with financial networks and commercial banks. Its software suite includes a payment orchestration module, an automated reconciliation engine, customizable customer portals, and algorithm-driven collection strategies.
The Toku-Cobre partnership builds on the company's $48 million Series A funding round completed in April 2025, which brought its total institutional funding to $55 million. The investment, aimed at expanding the product portfolio and accelerating market expansion, represents the largest Series A round for a Latin American Software-as-a-Service (SaaS) accounts receivable platform founded by women. Oak HC/FT led the round, with existing investors including Gradient Ventures, F-Prime, Clocktower, Y Combinator, and Honey Island by 4UM.
The fintech company currently serves 450 enterprise and mid-market clients in Mexico, Brazil, and Chile, supporting businesses managing accounts receivable ranging from $10 million to $10 billion. Its client portfolio includes Chevrolet, Mapfre, Liverpool, and MetLife. Toku now has over 150 employees and has helped increase digital payment adoption among its client base from 10% to 90%. In 2024, the company achieved a 160% net dollar retention rate, doubled revenue, and tripled total payment volume processed.
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