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Payment service Toss enters S Korea’s billion-dollar club
short by Sukriti Kapoor / on Monday, 10 December, 2018
South Korean payment services startup Toss has raised $80 million in a funding round at a $1.2-billion valuation, entering South Korea’s billion-dollar club. The round was led by US-based Kleiner Perkins and Ribbit Capital, and existing investors Altos Ventures and PayPal also participated. Toss was launched as a peer-to-peer payment service in 2015 by former dentist SG Lee.
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