Insight Report 4 minutes PremiumPayment App Becomes Korea’s First Fintech Unicorn Coresight Research December 13, 2018 Executive SummaryOn December 10, Toss became the fifth Korean unicorn startup, after its parent company, Viva Republica, announced that it raised an additional $80 million in funding, bringing total funding to $200 million and valuing the company at $1.2 billion. The new funding round was led by Silicon Valley-based venture capital firms Kleiner Perkins and Ribbit Capital. Previous funding came from PayPal, Sequoia and the Singapore Sovereign Wealth Fund Government Investment Corporation. Toss grew from a Venmo-like company that provided peer-to-peer payment services, to now include 25 different business lines, such as credit score management, customized insurance plans and loans. Toss is adding capabilities to its existing product line and as exploring overseas markets. China is Asia’s largest fintech market and Toss is building connections with local tech giants there such as Tencent. Toss is also eyeing Southeast Asia, specifically the six most populous countries in the region. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Generative AI Latest: Indian Conglomerates Enter the Space, the US Drives the Responsible Use of AI, Adobe Launches New ProductsTrailblazerDX 2023: Keynote Address—Salesforce Jumps on the Generative AI Bandwagon with Einstein GPT10 US Consumer and Retail Trends 2024: Insights Presented at Lectra’s Ideation 2023Discount Decades—US Dollar and Discount Stores: Unlocking Their Potential for Future Growth