FinTech news in toss category

The new capital will help also Toss accelerate growth for the challenger bank Toss Bank— launched last year by Via Republica — and a Robinhood-like retail investment app, Toss Securities, which both look to turn a profit next year, according to Seo. 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 F funding at a $7.4 billion (8.5 trillion won) valuation. Viva Republica with Toss Securities, Toss Payments and Toss Insurance is expected to post about 1 trillion won ($ 767 million) in revenue next year, according to the company. In fact, Viva Republica claims it has the largest market share with its fintech super app in the country in terms of monthly active users (MAUs), with 24 million registered users for Toss and 14 MAUs as of August this year.