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Toss

toss.im

Founded Year

2013

Stage

Series G - II | Alive

Total Raised

$1.444B

Valuation

$0000 

Last Raised

$371M | 2 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. The company serves users in South Korea. It was founded in 2013 and is based in Seoul, South Korea.

Headquarters Location

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

Seoul, 06236,

South Korea

+82-10-2731-0130

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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

1,201 items

F

Fintech 250

997 items

P

Payments

2,659 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

3,189 items

Track and capture company information and workflow.

Toss Patents

Toss has filed 1 patent.

The 3 most popular patent topics include:

  • Engine technology
  • Fluid dynamics
  • Gas technologies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/18/2018

3/24/2020

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

Grant

Application Date

5/18/2018

Grant Date

3/24/2020

Title

Related Topics

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

Status

Grant

Latest Toss News

Newsis By Anna J. Toss acquires mobile phone network operator - The Korea Times

Jul 21, 2022

Toss acquires mobile phone network operator Lee Seung-gun, founder and CEO of Viva Republica, the operator of Toss app, speaks during a press conference held in March 2019. Park Toss acquired Merchant Korea, a mobile virtual network operator (MVNO) that provides wireless communication services to consumers at reduced retail prices. The fintech app operator announced on Thursday that it signed a share purchase agreement with Merchant Korea to acquire a 100 percent stake in the firm. Founded in 1998, Merchant Korea has been offering MVNO services, leasing wireless capacity from the country's three major telecommunication network operators at wholesale prices and reselling it to consumers at a marked-down price under its own "MyWorld" brand. Following the acquisition, Toss aims to introduce a new search and subscription function into its fintech app to offer customers the best MVNO service plans. The firm says the new function should innovate and streamline the MVNO subscription process for consumers, while enabling them to cut down their telecommunications fees. Around 70 MVNO businesses have been registered since 2011 when the service was launched in the country. As of last year, over 10 million people subscribe to MVNO wireless network plans. "Just as Toss creates social benefits with its financial services that help consumers save time and costs, the mobile application also aims to contribute to removing the inconveniences of the MVNO subscription process as well as reducing telecommunication costs," an official at Toss said. Despite an increase in the number of MVNO businesses since 2011, the average monthly telecommunication service spending by households decreased by only 10 percent last year compared to 2010. The decrease is somewhat disappointing when compared with global peer countries. According to the Electronics and Telecommunications Research Institute (ETRI), the U.S. experienced a 61 percent cut during the five years following the adoption of the business model there, while the U.K. experienced a 45 percent fall and Denmark witnessed a 50 percent decline. Meanwhile, Viva Republica ― the operator of Toss ― also announced Thursday that it had succeeded in attracting 300 billion won ($229 million) in investments. The company's corporate value is estimated at 8.5 trillion won, which has increased slightly from the previous investment round held in June last year when the firm's value was assessed at 8.2 trillion won. The fintech firm explained that institutional investors view the super mobile app's growth potential highly. The investment deal is slated to be closed next month. Toss expects to turn a net profit with it by early next year.

Toss Frequently Asked Questions (FAQ)

  • When was Toss founded?

    Toss was founded in 2013.

  • Where is Toss's headquarters?

    Toss's headquarters is located at Arc Place, 12F, Seoul.

  • What is Toss's latest funding round?

    Toss's latest funding round is Series G - II.

  • How much did Toss raise?

    Toss raised a total of $1.444B.

  • Who are the investors of Toss?

    Investors of Toss include Altos Ventures, Goodwater Capital, DAOL Investment, Greyhound Capital, Korea Development Bank and 18 more.

  • Who are Toss's competitors?

    Competitors of Toss include Zoona, BitGo, MobiKwik, Airwallex, Ant Group, Coins.ph, Circle, Paga, Ripple, MoMo and 13 more.

Compare Toss to Competitors

Airwallex Logo
Airwallex

Airwallex is a fintech company that allows customers to issue and pay international invoices and bills. It offers domestic and international business accounts, company cards, and expense management. The company was founded in 2015 and is based in Melbourne, Australia.

Coins.ph Logo
Coins.ph

Coins.ph provides a mobile-first, branchless, blockchain-based platform that offers consumers direct access to basic financial services, such as remittances, bill payments, and mobile airtime. It was founded in 2014 and is based in Pasig City, Philippines.On April 2nd, 2022, Coins.ph was acquired by Wei Zhou at a valuation between $190M and $200M.

Paga Logo
Paga

Paga is a Nigerian fintech company building an ecosystem to enable people to digitally send and receive money, and perform simple financial services. The company was founded in 2009 and is based in Lagos, Nigeria.

Ant Group Logo
Ant Group

Ant Group (SGX: 5VJ) is a technology company that offers financial services, serving small and micro enterprises and consumers. It is dedicated to building an open ecosystem of technologies while working with other financial institutions to support the future financial needs of society. The company's products include Alipay, a payment and lifestyle platform, Ant Fortune, a comprehensive wealth management app, and Zhima Credit, an independent, private, alternative credit service. It was founded in 2011 and is based in Hangzhou, China.

ZEPZ Logo
ZEPZ

ZEPZ provides a digital money transfer platform. The company specializes in international transfers to mobile money accounts – a technology where a customer's phone numbers acts like a bank account to hold funds.

M
MoMo

MoMo, operated by M_Service, is an e-wallet application on mobile phones and can be replaced for cash in some types of payments such as money transfer, game top-up, mobile top-up, and bill payment anytime, anywhere. The platform is a safe, simple, convenient, and low-cost method of payment.On December 10th, 2021, Mizuho Bank acquired a minority stake in MoMo for $170M.

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