Toss
Funding History
| 2018 Funding Round · 12/2018 | $1.2B |
|---|---|
| 2020 Funding Round · 08/2020 | $2.6B |
| 2021 Funding Round · 06/2021 | $7.4B |
| Series G · 12/2022 | $7.0B |
About
Viva Republica was founded in 2013 by Lee Seung-gun and launched its Toss mobile app in 2014, initially as a peer-to-peer money transfer service, before expanding into a broad financial super-app covering banking, brokerage, payments, insurance, and advertising in South Korea.
- CEO
- Lee Seung-gun
- Headquarters
- Gangnam District, Seoul, South Korea
- Founded
- 2013
- Website
- toss.im
- Employees
- 4,109
Overview
Toss is the flagship mobile financial super-app operated by Viva Republica, a South Korean fintech founded by former dentist Lee Seung-gun. The company launched the Toss app in 2014 as a simple peer-to-peer money transfer service and has since expanded into banking (Toss Bank), securities brokerage (Toss Securities), payments, insurance, and advertising, serving more than 30 million registered users in South Korea.
Viva Republica posted its second consecutive profitable year in 2025, with revenue of roughly 2.7 trillion won (about $1.8 billion), up 38% year-over-year, and net profit of about 201.8 billion won, up nearly tenfold from 2024.
After first pursuing a listing on Korea's Kospi exchange, the company notified its underwriters in October 2024 that it was halting that process and is instead targeting a US listing, as early as the second quarter of 2026, at a valuation it hopes will exceed $10 billion and potentially reach $15 billion.
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