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FinTech Series B Founded 2021

Toku

Toku is a provider of an end-to-end global payroll and compliance platform that enables companies to pay their global workforce using stablecoins, fiat currencies, and token compensation. The platform offers Employer of Record services in over 100 countries, contractor management, global payroll with built-in tax automation, token grant administration with vesting and distribution, and a Stablecoin Payroll API that…

📍 Tokyo, Japan · Finance & Accounting Tech,

Funding snapshot

Last roundSeries B
Amount$20M
Date8 March 2023
Total raised$20M
Team size68

About

Toku is a provider of an end-to-end global payroll and compliance platform that enables companies to pay their global workforce using stablecoins, fiat currencies, and token compensation. The platform offers Employer of Record services in over 100 countries, contractor management, global payroll with built-in tax automation, token grant administration with vesting and distribution, and a Stablecoin Payroll API that integrates with existing systems including ADP, Workday, Gusto, Paychex, and Rippling. Toku differentiates itself by allowing pre-funded payroll capital to earn yield in yield-bearing stablecoins or tokenized money market funds until disbursement, providing fast global settlement without FX spreads, and enabling recipients to spend with a Visa card accepted at over 150 million merchants worldwide without needing a local bank account. The platform handles full tax and labor compliance including withholding, reporting, and statutory contributions per jurisdiction. Founded in 2021 and headquartered in Tokyo, Japan, Toku has raised approximately 0 million in a Series B round with investors including Blockchain Capital, Orrick, OrangeDAO, Quantstamp, and Reverie.

Business model

Cryptocurrencies > Financial Services > Finance & Accounting > Tax Filing,

Finance & Accounting Tech > Tech-Enabled Services > Tax Filing > Crypto Tax

Institutional investors

Blockchain Capital Orrick gmjp OrangeDAO Reverie Quantstamp NeW Juan Benet Nikil Viswanathan Joe Lau Tyler Winklevoss Cameron Winklevoss Harry Stebbings

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