Toss
Toss is a South Korean financial super-app operated by Viva Republica that integrates over 50 diverse financial services including banking, insurance, stock trading, payment processing, and lending into a single unified platform. With approximately 30 million registered users representing roughly 60% of South Korea's population, Toss processes over $250 billion in annual transaction volume and reported $1.4 billion in revenue and $15 million net profit in 2024.
Public Company
Toss is publicly traded
IPO'd on 2026
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
2,500+
Total Funding
$1.19B
9 rounds
Last Private Valuation
$7B
Dec 19, 2022
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
4 signalsToss Securities launched its first buyback, up to ₩200B ($144M) at ₩194,361/share; Viva Republica sells alongside minority holders
Sets a fresh secondary price mark for Toss Securities; limited read-through to parent Viva Republica
Postponed planned 2026 Nasdaq ADR listing with no new timeline given, per Seoul Economic Daily.
IPO/liquidity event pushed out indefinitely; extends secondary holders' hold period.
Designated Korea's first fintech "financial conglomerate," triggering group-level capital/risk oversight
Heavier compliance burden across Toss Bank/Securities; not a pricing or liquidity event
GIC, Baillie Gifford, Wellington Management and WCM bought existing Viva Republica shares from other holders
New crossover holders added pre-IPO via secondary purchase; no fresh primary capital raised
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Rounds in grey italics are unconfirmed.
Total raised $1.19B across 9 rounds
Last updated 10-08-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Apr 2026 | US IPO (rumored) | $2.5B | $15B | Not named |
| Dec 18, 2025 | Pre-IPO secondary share purchase Bloomberg | Not disclosed | — | Not named |
| Dec 19, 2022 | Series G TechCrunch | $405M | $7B | Tonic Private Equity |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series C
$1.2B
Dec 2018
Toss today
$7B
Dec 2022 · latest mark
Toss multiple
5.8x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Prominent Investors
Leadership
Lee Seung-gun
CEO & Founder
Seo Hyun-woo
Chief Operating Officer
Hyeong-seok Lee
Chief Technology Officer
Jeong Hee-yeun
Chief Human Resources Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Kakao Bank
South Korean mobile-first bank and digital financial services platform offering banking, payments, and investment services with ~40 million users
Naver Financial
Naver Pay and financial services platform offering digital payments, BNPL, money transfers, and investment services integrated with Naver ecosystem
KB Kookmin Bank
South Korea's largest bank competing in digital banking and traditional financial services
Samsung Pay
Samsung's digital payment and financial services platform competing in mobile payments and BNPL
Coupang Pay
E-commerce integrated payment and BNPL platform from Coupang ecosystem
Hyundai Card
Credit card and BNPL provider competing in consumer finance and payment services
Toss Investment FAQ
Toss FAQ
Viva Republica has shelved its planned U.S. listing. Having dropped its Korean IPO in late 2024 and pivoted to a Nasdaq ADR debut targeted for Q2 2026 at a $10B+ valuation (up to ~$15B) raising $2-3B, the company suspended that plan in July 2026 with no new timeline — reportedly to wait for a valuation it considers fair, and against Korean official reservations about a domestic fintech unicorn listing abroad ahead of a home listing. Seoul Economic Daily reports a confidential registration submission had been made to the SEC, but no public registration statement is on file as of August 2026, so a U.S. listing is a suspended intention rather than an active, dated process.
Toss shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Toss went public in 2026 via ipo, with an offering valuation of approximately $7B. Viva Republica has shelved its planned U.S. listing. Having dropped its Korean IPO in late 2024 and pivoted to a Nasdaq ADR debut targeted for Q2 2026 at a $10B+ valuation (up to ~$15B) raising $2-3B, the company suspended that plan in July 2026 with no new timeline — reportedly to wait for a valuation it considers fair, and against Korean official reservations about a domestic fintech unicorn listing abroad ahead of a home listing. Seoul Economic Daily reports a confidential registration submission had been made to the SEC, but no public registration statement is on file as of August 2026, so a U.S. listing is a suspended intention rather than an active, dated process.
Toss raised $1.19B across 9 disclosed funding rounds prior to its public listing.
Toss was founded by Lee Seung-gun in 2013.
Toss is headquartered in Seoul, South Korea.
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