GIC-backed S Korean fintech startup Viva Republica plans to raise $200m

Lee Seung-gun founder Viva Republica. Photographer: Jean Chung/Bloomberg

Viva Republica Ltd., the operator of South Korea’s largest fintech startup Toss, is planning to raise about $200 million from investors to bankroll its expansion in online banking and security trading services.

The company expects to complete the funding round in mid-2020, founder Lee Seung-gun said in an interview, declining to disclose the expected valuation. Lee is also aiming to go public in two to three years, with a listing in South Korea, Hong Kong, the U.S. or two of the destinations, he said.

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