South Korean superapp Toss plans to raise $1b for SE Asia expansion: report

South Korean superapp Toss plans to raise $1b for SE Asia expansion: report

SG Lee, co-founder and CEO, Toss

Viva Republica Ltd., the operator of South Korea’s largest fintech startup Toss, is planning to raise up to $1 billion from international investors in the second quarter of this year to expand in Southeast Asia, the Financial Times reported on Wednesday.

The funds will help it take on superapps Grab and GoTo in the region, as it works towards an initial public offering (IPO), the report added.

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