Largest Fintech in South Korea Looks to Raise $200 Million

Viva Repulica runs the largest fintech startup in South Korea called Toss; the company is now looking to raise $200 million as they expand into online banking and trading; the founder Lee Seung-gun who was interviewed by Bloomberg declined to disclose expected valuation though the company was last valued at $2.4 billion; Lee also has ambitions to go public in two or three years, listing in South Korea, Hong Kong, or the US; Toss was founded in 2011 and has 10 million monthly active years; in April they had their first break-even month; they process $3.7 billion of transactions per month or about 9.2% of the country’s online transfers; Bloomberg shares more on Lee’s vision of building a supper app that aggregates services from popular fintech companies around the globe. Bloomberg

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