toss bank south korea

Dec

Toss Bank just reached profitability

There is something about digital banks in South Korea. Just like most incumbent banks – and unlike many of their digital peers – they tend to be profitable. Toss Bank, the digital banking unit of fintech unicorn Viva Republica, is no exception to the rule. In the July to September…

Jun

Asia Banking Research

Digital banking heats up in South Korea

South Korea’s digital banks are on a roll, buoyed by robust demand for digital financial services amid the pandemic. South Korea went cashless long ago with credit cards, but since the pandemic hit in early 2020, mobile banking has taken off. As a result, Kakao Bank, K bank and Toss…

Aug

Asia Banking Research

Investors remain upbeat on South Korean fintech unicorn Viva Republica

Not even the failure to obtain a virtual-banking license can dampen investor interest in South Korea’s fintech unicorn Viva Republica and its digital banking platform Toss. In mid-August, Viva Republica announced it had raised $64 million from a group of investors led by Hong Kong-based Aspex Management. The latest capital…

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toss bank south korea