2022-12-20 16:52:25
Viva Republica held a $405 million Series G round.
Viva Republica, the South Korean fintech startup behind mobile finance super-platform Toss, raised $405 million in a new Series G funding round from Tonic Private Equity, Korea Development Bank (KDB), Altos Ventures, Goodwater Capital, Greyhound Capital, Aspex Management, Bond Capital, DUMAC and Korea Investment & Securitie.
According to the results of the round valuation of the company rose to $ 7 billion.
The company plans to use the investment to develop its products, including digital lending and online payments for individuals and local merchants.
The investment will also help accelerate the development of Toss Bank, and Toss Securities, Robinhood's counterpart app.
#VivaRepublica #Toss #VC #News
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