Toku
New York, US · 15 known investors
Find your way into Toku
385 people in our graph share verified history with the Toku team — schools, employers, funds. One of them is your warm intro.
Dan Bartusunlockedknows Kenneth O'Friel · together at Bank of America Merrill Lynch (overlapped)
×2knows the team · via Bank of America Merrill Lynch
×9knows the team · via StartX
Toku provides payroll infrastructure that lets companies pay teams in stablecoins, fiat, or tokens through a single API that integrates with existing systems like ADP, Gusto, and Workday. It handles tax compliance and employment law across more than 100 countries.
Founders & leadership
KO
Kenneth O'FrielinCEO & Co-founderKenneth O'Friel is CEO and founder of Toku, a payroll infrastructure platform that enables companies to compensate employees in stablecoins, fiat, or tokens through a single API integrated with systems like ADP, Gusto, and Workday, with tax compliance and employment law coverage across more than 100 countries.30 Under 30 2024
DS
Investors · 15
Firestreak Ventures
Blockchain CapitalreportedSan Francisco · $25K – $200K
F-Prime CapitalreportedCambridge · $3M – $10M
Funders Club ManagementreportedSan Francisco
gmjpreported · 2 sourcesWellesley
Gradient Venturesreported · 2 sourcesSan Francisco · $100K – $10M
Next Web Capitalreported · 2 sourcesTokyo
Quantstampreported · 2 sources
Reveriereported · 2 sourcesNew York
Y CombinatorreportedSan Francisco · $500K
Also in the syndicate · 5
ClocktowerHoney IslandOrangeDAOOrrickWollef
Funding
SEC filings, press & company announcements$57.3M disclosed across 2 of 3 rounds · 2023–2025
- $48MSeries AApr 2025 · 2 sources
Clocktower, F-Prime Capital, Gradient Ventures, Honey Island, Y Combinator
Source ↗ - $9.3MraisedApr 2024 · 2 sources
Gradient Ventures (lead), Clocktower, F-Prime Capital, Funders Club, Wollef, Y Combinator
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 10
by search overlap
Coinbase42 shared keywordsCoinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers. The company operates a full-stack infrastructure including secure custody, liquidity services, stablecoin infrastructure, and global settlement rails.
Crypto30 shared keywordsCrypto.com operates a cryptocurrency exchange and digital asset platform serving 150 million users across 90 countries, with a mission to accelerate global adoption of cryptocurrency.
Kraken28 shared keywordsKraken 360 Investments provides capital and launch infrastructure to blockchain protocols in pre-token and early post-token phases, offering custody, staking, treasury, and liquidity services alongside fundraising support.
Moonpay24 shared keywordsMoonPay provides infrastructure for buying, selling, and trading cryptocurrencies using standard payment methods such as cards and digital wallets, as well as tools for stablecoin management. The platform serves both individual users and companies seeking to integrate blockchain-based financial services.
Stripe22 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
BitPay22 shared keywordsBitPay provides enterprise-grade tools for cryptocurrency acceptance and spending, enabling businesses and individuals to send, receive, and store digital currencies. The platform serves as a payment technology provider built on blockchain for global financial transactions.
Circle CeFi Growth19 shared keywordsCircle provides a full-stack platform for digital finance, combining blockchain infrastructure, stablecoins (USDC, EURC), and payment networks to enable borderless value exchange and financial access globally. The company operates with regulatory compliance across major jurisdictions and serves financial institutions, businesses, and individuals participating in the digital economy.
Lightspark16 shared keywordsLightspark provides payment infrastructure and financial tools that enable businesses to modernize their payment systems and integrate with existing platforms. The company aims to make global money flows more accessible, affordable, and immediate for businesses worldwide.
Bitcoin15 shared keywordsBitcoin.org is an independent open source informational resource dedicated to helping Bitcoin develop sustainably. The site provides user education, accurate information about Bitcoin properties and limitations, and visibility into the Bitcoin ecosystem for developers and users worldwide.
Jetlore15 shared keywordsJetlore was a Palo Alto AI startup that turned unstructured retail product data into structured attributes so merchants could personalise what each shopper saw. Founded by Stanford researchers, it raised from Sierra Ventures, Alsop Louie Partners, Fenox Venture Capital, BRM Capital and Mercury Fund, and PayPal acquired it in 2018.
Companies competing with Toku for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Toku do?
- Toku provides payroll infrastructure that lets companies pay teams in stablecoins, fiat, or tokens through a single API that integrates with existing systems like ADP, Gusto, and Workday. It handles tax compliance and employment law across more than 100 countries.
- Who founded Toku?
- Toku was founded by Kenneth O'Friel, Dominika Stobiecka.
- Who are Toku's investors?
- Toku's investors include Firestreak Ventures, Blockchain Capital, F-Prime Capital, Funders Club Management, gmjp, Gradient Ventures, Next Web Capital, Quantstamp and 2 more.
- How much funding has Toku raised?
- Toku has disclosed $57.3M raised across 2 of its 3 known rounds.
- Where is Toku headquartered?
- Toku is headquartered in New York, US.