fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Venture Capital

Korea’s Fintech Startup Viva Republica Raises $64m At $2.2b Valuation

AsiaTechDaily Writer by AsiaTechDaily Writer
08 August 2019
in Venture Capital
0
Korea’s Fintech Startup Viva Republica Raises $64m At $2.2b Valuation
17
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Seoul-based Viva Republica, Korea’s foremost financial technology startup backed by Paypal, has raised $64 million in its latest fundraising round, which values the maker of mobile financial services platform Toss at about $2.2 billion.

The company said the latest funding round was led by Aspex Management, a Hong Kong-based Asian equity investment firm, and backed by returning investors. including Singapore’s GIC, Sequoia Capital China, Kleiner Perkins, and others. So far, Viva Republica has raised about $250 million.

Viva Republica, ranked as one of 2018’s Fintech 100 by KPMG, launched Toss in 2015 as a simple and frictionless peer-to-peer money transfer service. The platform, however, saw tremendous growth over the years to become one of the world’s fastest-growing financial apps.

Toss now delivers a full suite of financial services, including banking, financial dashboard, credit score management, and investment products. It posted more than $42 billion of cumulative transactions.

Viva Republica last raised $80 million in a funding round in December. The said round was backed by Korean investors Kleiner Perkins and Ribbit Capital.

The Korean fintech firm said the latest funding round is the first time for Aspex Management, the lead investor, to invest in a private company since its inception in 2018. Aspex invests across the public and private equity markets.

Aspex Management founder and CIO Hermes Li said Toss occupies a leading position among mobile consumers and the investment underscores Aspex’s confidence that the Toss team will transform the company into a fully integrated consumer financial services platform.

Viva Republica CEO SG Lee said the company will continue to do its best for Toss to become the sole service provider that users need for their financial lives.

“Our mission is to provide the best possible financial service experience to users, and we will continue to do our best for Toss to become the only service needed for users’ safe and easy day-to-day financial lives,” said Lee.

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: FintechTossViva Republica
Previous Post

Fintech Startup Helicap Seeks to Bridge Gap in SEA Consumer, Corporate Credit Market

Next Post

Malaysia’s Allsome Eyes Speedy Cross-Border Fulfillment, Bags $1.94m

Related Posts

Allinfra
Featured

Nomura leads $6m Series A in climate tech startup Allinfra

May 25, 2022
Good Startup
Featured

Singapore VC Good Startup closes alt protein fund at $34m

May 12, 2022
Gobi Partners
Featured

Gobi, Ozora Yatrapaktaja launch $10m seed fund for Indonesia’s women startups

April 29, 2022
SeaX
Featured

SeaX Ventures launches $60m fund to help startups expand in SE Asia

April 30, 2022
Kickstart Ventures
Featured

PH venture investor Kickstart Ventures commits to expand investments globally

March 31, 2022
CyberHash
Featured

Singapore startup CyberHash raises $20m in Lemon-led funding

March 6, 2022
Next Post
Malaysia’s Allsome Eyes Speedy Cross-Border Fulfillment, Bags $1.94m

Malaysia's Allsome Eyes Speedy Cross-Border Fulfillment, Bags $1.94m

Discussion about this post

No Result
View All Result

FREE NEWSLETTER

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo