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kedglobal.com

Korea’s Toss operator invests $5 mn in US startup fintech platform Republic

Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a US startup investment platform. According to officials from Toss and the investment banking industry, Viva Republica recently wrapped up a contract to acquire slightly less than...
BUSINESS
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thepaypers.com

South Korea-based Viva Republica/Toss eyes ride-hailing expansion

Fintech unicorn startup Viva Republica has decided to expand from the world of finance and into the arena of ride-hailing, according to Forbes. The startup, whose backers include PayPal, Sequoia Capital China, and Singapore sovereign-wealth fund GIC, raised USD 410 million in June 2021 at a valuation of USD 7.4 billion from the likes of the Korea Development Bank and Silicon Valley-based Altos Ventures. Viva Republica operates Toss, a finance super app with over 20 million users in Korea, equivalent to more than one-third of the country’s population. Launched in 2015, Toss started out as a money transfer service and has since expanded to offer a suite of financial services, including banking, insurance, and investing. Now, nearly seven years after launching Toss, Viva Republica is making its first major move beyond digital finance.
BUSINESS
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