Ex-dentist's new mobile app gets $40 mn after 8 failed apps

Former South Korean dentist Seunggun Lee's mobile payments app Toss has raised $40 million in funding after eight failed apps since 2011. Earlier, Lee used to work as a dentist with the hospital arm of Samsung Group and quit his job to found the mobile payments startup. Founded in 2015, the app offers peer-to-peer online transfers, credit scoring, and micro-loans.