Toss - About the company
Toss is a series G company based in Seoul (South Korea), founded in 2011 by Lee Seung-gun. It operates as a Provider of an app-based platform for banking investment and insurance management. Toss has raised $1.25B in funding from investors like Goodwater Capital, Altos Ventures Management and HSG, with a current valuation of $7B. The company has 82 active competitors, including 18 funded and 16 that have exited. Its top competitors include companies like PayU, Flutterwave and Kbank.
Sectors and market segments that Toss operate in
Toss serves in the FinTech market segments.The primary business model of Toss are:Company Details
Provider of an app-based platform for banking investment and insurance management. It provides users with a platform that offers solutions such as money transfer, payment splitting, QR code scanning, card management, and more. It helps users check credit scores, credit payment status, and loan recommendations. It enables users to track income and expenses for financial reporting. It offers a multi-investment and portfolio management platform for real estate, stocks, bonds, mutual funds, and securities. The app is available for Android and iOS platforms.
- Website
- toss.im
- Email ID
- *****@toss.im
- Phone Number
- +82 **********
Key Metrics
Founded Year
2011
Location
Seoul, South Korea
Stage
Series G
Total Funding
$1.25B in 10 rounds
Latest Funding Round
Post Money Valuation
$7B as on Dec 19, 2022
Investors
Ranked
7th among 82 active competitors
Annual Revenue
$100M - $500M as on Dec 31, 2022
Employee Count
3,291 as on Jun 30, 2026
Legal entities associated with Toss
Toss is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Viva Republic Co Limited CIN: 120-88-01280 , South Korea, Active | $100M - $500M (As on Dec 31, 2022) | - | - |
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Toss's funding and investors
Toss has raised a total funding of $1.25B over 10 rounds. Its first funding round was on Jul 21, 2015. Its latest funding round was a Series G round on Dec 19, 2022 for $175M. 9 investors participated in its latest round. Toss has 44 institutional investors.
Here is the list of recent funding rounds of Toss:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 19, 2022 | $175M | Series G | $7B | 16.7x | ||
Jul 21, 2022 | $228M | Series G | - | - | ||
Jun 22, 2021 | $410M | Series F | $7.4B | 13.5x |
View details of Toss's funding rounds and investors
Toss' founders and board of directors
Founder? Claim ProfileThe founders of Toss is Lee Seung-gun. Lee Seung-gun is the CEO of Toss.
Here are the details of Toss' key team members:
- Lee Seung-gun: Founder & CEO of Toss and founder of 1 other company. Contact Info: 1 email address
View details of Toss's Founder profiles and Board Members
Toss' employee count trend
Toss has 3,291 employees as of Jun 26. Here is Toss's employee count trend over the years:
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Toss's Competitors and alternates
Top competitors of Toss include PayU, Flutterwave and Kbank. Here is the list of Top 10 competitors of Toss, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | PayU 2002, Amsterdam (Netherlands), Series C | Provider of online payment solutions and financial services for businesses | $35.1M | 84/100 | |
2nd | Flutterwave 2016, San Francisco (United States), Series E | Provider of payment solutions for online and physical business transactions | $489M | 83/100 | |
3rd | Kbank 2016, Seoul (South Korea), Public | Internet first bank for individuals | $86.7M | 74/100 | |
4th | ACI Worldwide 1975, Omaha (United States), Public | Process and manage digital payments | - | 74/100 | |
5th | KakaoBank 2016, Seongnam-si (South Korea), Public | Provider of online banking services, including loans, cards, and fund products | $448M | 72/100 | |
6th | Bango 1999, Cambridge (United Kingdom), Public | Provider of marketing solutions for e-commerce businesses | - | 68/100 | |
7th | Toss 2011, Seoul (South Korea), Series G | Provider of an app-based platform for banking investment and insurance management | $1.25B | 67/100 | |
8th | PingPong 2015, New York City (United States), Series C | Online platform providing cross-border business payment solutions | $124M | 63/100 | |
9th | First Data 1971, Atlanta (United States), Acquired | Payments processing service provider | - | 63/100 | |
10th | Provider of payment processing solutions for merchants and financial institutions | - | 61/100 |
Looking for more details on Toss's competitors? Click here to see the top ones
Toss's Investments and acquisitions
Toss has made 4 investments in companies including WRTN and Quotabook. Toss has also acquired 1 companies including TADA.Here is the list of investments & acquisitions:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 31, 2025 | Investments | 2021 | Seoul (South Korea) | |
Aug 17, 2022 | Investments | 2019 | Seoul (South Korea) | |
Jan 03, 2022 | Investments | 2016 | Seongnam-si (South Korea) |
See all investments by Toss
Reports related to Toss
Here is the latest report on Toss's sector:
News related to Toss
Media has covered Toss for a total of 20 events in the last 1 year, 8 of them have been about company updates and 5 about partnerships.
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Circle Signs MOUs with Kakao and Toss, Eyes Further Partnerships in KoreaThe Korea Times•Jul 23, 2026•Circle, Kakao, Toss
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Toss joins hands with Optimism and Sunnyside Labs to verify ‘KRW stablecoin’ infrastructureKorea Economic Daily•Jul 08, 2026•Toss, Optimism
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Toss Faces Stricter Oversight as Korea's First Fintech Financial ConglomerateThe Korea Times•Jul 03, 2026•Toss
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South Korea's Toss Bank Taps Solana for Cross-Border Remittance TestsBitcoin•Jun 23, 2026•Solana, Toss
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KB Kookmin, Toss, Samsung Card Explore Stablecoin ConsortiumBusinesskorea•Jan 26, 2026•Toss, Samsung Card
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Catenoid 'Charlla' offers 3-month free trial for new Toss Payments merchantsKorea Newswire•Nov 05, 2025•Catenoid, Toss
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