Toss
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).
People
FOUNDERS
SG Lee (CEO)
Seunggun Lee
NUMBER OF EMPLOYEES
51-200
INVESTORS:
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
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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