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Toss company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
toss.im

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Founded Year

2013

Stage

Series G | Alive

Total Raised

$844.2M

Valuation

$0000 

Last Raised

$410M | 5 mos ago

About Toss

Toss, created by Viva Republica, is a mobile finance app that provides P2P money transfer services. The platform offers a range of financial services in one app, including a financial dashboard, credit score management, customized loan/insurance plans, as well as multiple investment services.

Toss Headquarter Location

Arc Place, 12F 142 Teheran-ro, Gangnam-gu

Seoul, 06236,

South Korea

+82-10-2731-0130

Latest Toss News

Banking Industry: Toss Bank: Korea’s Third Internet Bank Launches

Oct 7, 2021

Banking Industry: Toss Bank: Korea’s Third Internet Bank Launches Share Banking Industry: Toss Bank: Korea’s Third Internet Bank Launches By Jung Jun-sup ×   We expect Toss Bank to secure users quickly thanks to its strong platform power and aggressive marketing. However, achieving long-term stability is to hinge upon securing quality mid-interest loans. Launch of Toss Bank to strengthen Toss’s financial platform status The October launch of Toss Bank is to boost Toss’s financial platform status. With its business scope to now range from simple remittance services to Toss Securities (to increase user time) and to Toss Bank (to expand accessibility to financial consumers), Toss is securing solid footing to improve the quality of its traffic. Toss Bank foretells aggressive marketing from the get go, with offers including a 2% interest rate for basic checking accounts, zero ATM fees, a credit loan limit of up to W270mn with interest rates starting at 2.76%, and W46,500/month worth of check card benefits. Well set to secure users quickly, but long-term key is securing quality loans Considering the platform power and marketing performance of Toss (as proven through Toss Securities), Toss Bank should easily be able to attract its target clients and to build up its account and deposit figures. But, the long-term key to success is to be the securing of quality loans. Given the household debt management stance of regulating authorities, we view attracting high-standard mid-interest loans as being essential. Moving ahead, Toss Bank will need to minimize credit costs while at the same time secure sufficient liability duration. Competition between Internet banks to intensify; impact on commercial banks to be limited With the launch of Toss Bank, competition is to intensify between Internet banks over users, traffic, and quality mid-interest loans. However, the impact of Toss Bank’s presence on major commercial banks should prove to be relatively limited given the differences in both their target customers and their mainstay loan strategies.

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Expert Collections containing Toss

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Toss is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

925 items

2

2018 Fintech 250

748 items

P

Payments

1,920 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

2,731 items

Track and capture company information and workflow.

Toss Patents

Toss has filed 4 patents.

The 3 most popular patent topics include:

  • Engine technology
  • Fluid dynamics
  • Gas technologies
patents chart

Application Date

Grant Date

Title

Related Topics

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5/18/2018

3/24/2020

Technical drawing, House types, Honeycombs (geometry), Mass spectrometry, Graphical projections

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3/24/2020

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Related Topics

Technical drawing, House types, Honeycombs (geometry), Mass spectrometry, Graphical projections

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Status

Grant

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