SEOUL: The South Korean operator of mobile financial app Toss raised US$410 million in fresh funding, which values the company at US$7.4 billion, operator Viva Republica said on Wednesday.
Having started as a money transfer service, it offers online payment processing for merchants and securities investments. It also plans to launch banking services within the app in September, espousing an all-in-one"super app" for financial needs. "Instead of gathering users haphazardly, users recognise this as a financial app, solving financial issues... It ends up making a huge difference in revenue per user," he said.Its investment service, called Toss Securities, attracted 3.5 million users in the three months since launching in March - Viva Republica said, buoyed by hot retail interest in stock investments.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US, South Korea consider ending controversial North Korea coordinating groupThe United States and South Korea have agreed to consider scrapping a working group established to coordinate North Korea policy, Seoul's foreign ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
S Korea mobile financial app Toss operator valued at US$7.4 billion in latest fundingSEOUL: The South Korean operator of mobile financial app Toss raised US$410 million in fresh funding, which values the company at US$7.4 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Rugby: South Africa focused on getting up to speed with test rugbyNew South Africa coach Jacques Nienaber has few other plans for his country’s first game since winning the World Cup than to get players ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Rugby-South Africa focused on getting up to speed with test rugbyCAPE TOWN: New South Africa coach Jacques Nienaber has few other plans for his country’s first game since winning the World Cup than to get ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korea's major insurers say they will stop underwriting new coal powerSEOUL: South Korea's three major non-life insurers told Reuters on Tuesday (Jun 22) they will no longer provide coverage for new coal power ... Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
S Korea mobile financial app Toss operator valued at US$7.4 billion in latest fundingSEOUL: The South Korean operator of mobile financial app Toss raised US$410 million in fresh funding, which values the company at US$7.4 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »