Toss

paymentsp2p payments

FOUNDING YEAR: 2011
LOCATION: Korea, Republic of
Last Update: 19/01/2021

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About

, .

MEDICI Analysis

Toss is a sister company of Viva Republic that allows P2P money transfer services to send money from bank account to receivers directly. The user doesn't need to have any app on his/her smartphone to receive money; they need to enter the recipient's' account number and authenticate via fingerprint.

Focus

PRODUCTS & SERVICES

Toss provides a peer-to-peer money transfer services.

MAIN CLIENTS

Retail Borrowers

EXISTING PARTNERSHIPS

Toss has partnered with 18 Korean banks. Major banks are IBK

BNK

MG

KB

NH

etc.

COMMENT

Customers use Toss for borrowing and repaying funds, splitting the bill at restaurants, online purchases, paying bills and much more.

company provided insights

Traction

COMPANY TYPE:

For Profit

TRACTION COMMENT:

Toss ia planning to expand its business into loan brokerage service, overseas transfers, micro insurance, and foreign exchange services. As of today Toss has 6 million app downloads, transferred over USD $3 billion, number of transfers per month increased from 2.2 (traditional online transfers) to 6.7 (Toss).

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

9

TOTAL FUNDING

$370.2 M

DATE OF LAST FUNDING

Aug 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use the funds to explore opportunities such as investments and acquisitions to become the go-to service for all consumer financial needs while providing the superb user experience. (June 2018)

ESTIMETED REVENUE RANGE

$10M to $50M

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

Aug 2014

FUNDING SERIES

SERIES A  · $4.5 M  · Jul 2015

SERIES B  · $23.7 M  · Apr 2016

SERIES C  · $48 M  · Mar 2017

SERIES D  · $40 M  · Jun 2018

SERIES E  · $80 M  · Dec 2018

SERIES F  · ---  · Feb 2020

SERIES G  · $173 M  · Aug 2020

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

2,161,460

AVERAGE VISITS (6 MONTHS)

1,788,321.11

MONTHLY VISITS GROWTH

80.29%

VISIT DURATION

143

VISIT DURATION GROWTH

-3.96%

PAGE VIEWS VISIT

4.15

PAGE VIEWS VISIT GROWTH

2.83%

BOUNCE RATE

49.18%

BOUNCE RATE GROWTH

4.99%

GLOBAL TRAFFIC RANK

21,469

MONTHLY RANK CHANGE

-20,873

MONTHLY RANK GROWTH

-49.3%

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