South Korean financial super app Toss closes $405M Series G
Viva Republica, an operator of South Korean finance super app Toss, has finalized a $405 million Series G funding and it says it is now valued at 9.1 trillion won ($7 billion), up from 8.5 trillion won in June 2021, when it raised $410 million in pre-Series G funding at a $7.4 billion (8.5 trillion won) valuation.
Fintech-focused investor Tonic Private Equity led the Series G round along with returning backers, including Korea Development Bank (KDB), Altos Ventures, Goodwater Capital, Greyhound Capital, Aspex Management, Bond Capital and DUMAC. Korea Investment & Securities participated in the latest funding as well. The fintech company said it had completed its first and second close of Series G, approximately $226 million (295.8 billion won) and $175.8 million (229.3 billion won), respectively, in the third quarter of 2022, and the third close of the new funding in November.