Toku creates holding company in Chile, splits its businesses and files for a sub-acquirer license with the CMF
The collection fintech Toku restructured its Chilean companies to separate its business lines and is processing a license with the CMF to operate as a sub-acquirer, a figure under which it would process card payments for merchants under the regulator's supervision. Toku Intermediate LLC incorporated Toku Holding Chile SpA on May 13, and six days later Toku SpA cut its capital by CLP 4,392 million to create Toku Operadora SpA. The parent company has injected CLP 28,243 million into Toku SpA since December 2024.
In 50 seconds
- Toku is processing a license with the CMF to operate as a sub-acquirer and process merchants' credit and debit card payments.
- Toku Intermediate LLC incorporated Toku Holding Chile SpA on May 13; six days later Toku SpA cut its capital by CLP 4,392 million to create Toku Operadora SpA.
- In September the parent company contributed CLP 9,711 million to the holding, which passed it on to Toku SpA, leaving its capital at CLP 23,852 million.
Read the full story at Diario Financiero
IASummary generated by artificial intelligence from a story by Diario Financiero. It may contain errors: the original source prevails.
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