Viva Republica, the Seoul-based fintech company behind Toss, an incredibly app with more than 40 monetary services, announced today it has raised $410 million at a post-money appraisal of $7.4 billion. The brand-new financing was led by Alkeon Capital, an American financial investment firm, and included involvement from brand-new financiers like Korea Development Bank, and returning backers Altos Ventures and Greyhound Capital.
The business prepares to release Toss Bank, a neobank, in September 2021, which it refers to as “the last essential part” of its super app method. It will also utilize the financing to continue its growth in overseas markets, consisting of Vietnam, where Toss released in 2015.
Viva Republica, which struck unicorn status in 2018, has actually now raised more than $940 million in equity financing.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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