About Toss
Toss is a company based in Seoul (South Korea) founded in 2011 by Lee Seung-gun.. Toss has raised $1.25 billion across 10 funding rounds from investors including PayPal, Industrial Bank of Korea and Kleiner Perkins. Toss has completed 1 acquisition, including Tada Tada. Toss offers products and services including Toss App and Toss Payments. Toss operates in a competitive market with competitors including Flutterwave, PayU, Bango, ACI Worldwide and KakaoBank, among others.
- Headquarter Seoul, South Korea
- Founders Lee Seung-gun
- Stage Unicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Viva Republic Co Limited
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
$412.46 M (USD)-32as on Dec 31, 2022
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Net Profit
$-126.69 M (USD)-175as on Dec 31, 2022
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EBITDA
$-132.15 M (USD)23as on Dec 31, 2022
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Total Equity Funding
$1.25 B (USD)
in 10 rounds
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Latest Funding Round
$174.63 M (USD), Series G
Dec 19, 2022
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Investors
PayPal
& 25 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Toss
Toss offers a comprehensive portfolio of products and services, including Toss App and Toss Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for overseeing accounts, transfers, and investments securely.
Tool for business transactions and fee-free money transfers.
Unlock access to complete
Funding Insights of Toss
Toss has successfully raised a total of $1.25B across 10 strategic funding rounds. The most recent funding activity was a Series G round of $174.63 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series G — $174.6M
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First Round
First Round
(21 Jul 2015)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series G - Toss | Valuation | Tonic | |
| Jul, 2022 | Amount | Series G - Toss | Valuation | Altos Ventures Management | |
| Jun, 2021 | Amount | Series F - Toss | Valuation | Alkeon Capital Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Toss
Toss has secured backing from 26 investors, including venture fund and institutional investors. Prominent investors backing the company include PayPal, Industrial Bank of Korea and Kleiner Perkins. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tonic Private Equity is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Early-stage companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Toss
Toss has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tada Tada. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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App-based ride-hailing platform
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Toss
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Toss Comparisons
Competitors of Toss
Toss operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, PayU, Bango, ACI Worldwide and KakaoBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Marketing solutions for e-commerce businesses are provided by Bango.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| domain | founded_year | HQ Location |
Digital banking services are provided for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Toss
Frequently Asked Questions about Toss
When was Toss founded?
Toss was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Toss located?
Toss is headquartered in Seoul, South Korea.
Who is the current CEO of Toss?
Lee Seung-gun is the current CEO of Toss. They have also founded this company.
Is Toss a funded company?
Toss is a funded company, having raised a total of $1.25B across 10 funding rounds to date. The company's 1st funding round was a Series F of $410M, raised on Jul 21, 2015.
What is the annual revenue of Toss?
Annual revenue of Toss is $412.46M as on Dec 31, 2022.
What does Toss do?
Toss was founded in 2011 in Seoul, South Korea, as a fintech company. An app-based platform is operated for managing banking, investments, and insurance. Services include money transfers, payment splitting, QR code scanning, card management, credit score checks, loan recommendations, and expense tracking. Multi-asset investment options such as stocks, bonds, mutual funds, real estate, and securities are supported. The application is available on Android and iOS devices.
Who are the top competitors of Toss?
Toss's top competitors include PayU, Flutterwave and Bango.
What products or services does Toss offer?
Toss offers Toss App and Toss Payments.
How many acquisitions has Toss made?
Toss has made 1 acquisition, including Tada Tada.
Who are Toss's investors?
Toss has 26 investors. Key investors include PayPal, Industrial Bank of Korea, Kleiner Perkins, Bessemer Venture Partners, and Mirae Asset.
What is Toss's valuation?
The valuation of Toss is $7.4B as of Jun 2021.