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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.
Toss provides a peer-to-peer money transfer services.
Toss has partnered with 18 Korean banks. Major banks are IBK
Customers use Toss for borrowing and repaying funds, splitting the bill at restaurants, online purchases, paying bills and much more.
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).
SG Lee (CEO)
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)
$10M to $50M
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
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