Viva Republica (Toss)

Toss, created by Viva Republica, is a mobile finance app that provides P2P money transfer services.

Toss develops social networking applications. It offers Toss, a mobile peer to peer (P2P) transfer and payment solution for Korean consumers and merchants.

Toss was founded in 2011 by Seunggeon Lee. The company is based in Seoul, Seoul-t'ukpyolsi, South Korea.

 

Toss completely transforms the way mobile financial services is conducted in Korea. With over 25 services such as payments, loan, investments, and credit score management, Toss aims at becoming a consumer financial services platform that covers all facets of its users'​ financial lives.

Toss helps you understand the flow and expenditure of your money at a glance, manage your credit, and lead a smarter financial life. Its offering also include simple remittance and payment, subscription to financial products, investment and loan services.

Toss has been downloaded 49 million times, and has more than 17 million registered users. The platform now provides a range of financial services, including banking, money transfer, dashboard and credit score management.

 

Toss is backed by equoia Capital China, Bessemer Venture Partners, Kleiner Perkins, PayPal Ventures, spex Management, Digital Growth Fund, Altos Ventures, Goodwater Capital, GIC, Greyhound Capital and others. The company raiseed $173M in Series F round on Aug 28, 2020. This brings Toss' total funding to $434.2M to date. The deal values the company at $2.6B post-money. Toss was previously gained $1.2B valuation after it had raised a $80M Series E on Dec 10, 2018. Viva Republica was ranked 35th on the 2017 Fintech100 List.

 

 

  • Year founded: 2011
  • Funding Info: $432.2M over 8 Rounds (Latest Funding Type: Series F)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $2.6B as of August 28, 2020
  • City/Town: Seoul
  • State: Seoul
  • Country: South Korea
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