South Korean super app, Toss has flown into SEA and is ready to expand. They're set to raise up to $1B for their expansion.

• Viva Republica, which operates Toss, is valued at $7.4B.
• They're backed by investors like PayPal, Ribbit Capital, Goodwater Capital, GIC, Altos Ventures and Alkeon Capital.

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⏬  Started from the bottom

Unlike Grab and GoTo, their backstory lies in fintech. Toss launched as a peer-to-peer money transfer service (think Venmo!).

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🔥  Now we're here

Now, Toss is a financial super app that has 50+ services and has over 11M monthly active users in South Korea— around a fifth of the country's population.

• More than 80% of people in their 20s and more than 60% of people in their 30s use Toss.
• Sales doubled to US$676 million in 2021.

Going international! In 2019, they launched in Vietnam in their first-ever international expansion. They have 3M active users in the country, with around 500k joining every month.

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🧐  What they do

For you and I. They offer money transfers, banking, loans, stock investing, insurance, credit scoring, bill payment and more.

• Manage it too! Connect your accounts and cards to see your balance, loans, investments and even monthly/daily spending — all at once.

Have a business? Make payments, checkouts and bookkeeping easy with their B2B solutions to help your business grow.

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🚘  New ride

To be a true super app, Toss has to bring more than just fintech to the table. Last year, they signed a deal to acquire 60% of mobility firm VCNC, which operates the ride-hailing app TADA.

🌏  Next stop

Next on Toss' expansion bucket list are Malaysia, Indonesia, the Philippines, Thailand, and India.