Toss is Korea’s first fintech unicorn!
Toss is the world’s fastest growing fintech service, it delivers consumer finance on mobile like it should be: simple and frictionless. Toss provides a B2CR service used for borrowing and repaying funds, slitting the bill at restaurants, online purchases and paying bills in Korea. Toss was founded in 2015 by Seung-Gun Lee, a former dentist, who was frustrated with how archaic web and mobile banking was in Korea and decided to change it himself.
Viva Republica, the parent of the financial services platform Toss, announced on December 12th that it has closed an US$80 million funding round.
Now, Toss is now valued at over $1.2 billion and is the first fintech unicorn in Korea.
Partech invested in Toss first in 2017 and later in 2018.
“We strive to back exceptional global entrepreneurs from day one building truly breakout companies such as Toss. With more than 10 million customers today, the company is on track to building a top global fintech service for the region.” said Jai Choi, Partner of our Seed Fund.
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