Fresh funding values S. Korea financial app Toss operator at US$7.4bil


SEOUL: The South Korean operator of mobile financial app Toss raised US$410mil (RM1.71bil) in fresh funding, which values the company at US$7.4bil (RM30.82bil), operator Viva Republica said.

With new funding, Toss is looking to expand its South-East Asian presence beyond Vietnam. It plans to enter another country in the second half of this year and several more starting next year, chief executive officer SG Lee told Reuters.

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