Toss
Financial Super App in the Korean Market
Analytics date: 06.08.2025
Basic information
Head office
Seoul, South KoreaHead officeGeography of business
South KoreaGeography of businessDate of the last round
Last round 11/2022Date of the last roundTotal funds raised
$1.4B+Total funds raisedPrice per share
$29.04Price per sharePrice per share. Based on the latest known transaction. It is not an offer or investment recommendation.
Analytics date: 06.08.2025
IPO
07/2025 update: Toss aims to list in the U.S. in the 2Q2026 with a valuation exceeding $10 billion, potentially reaching $15B. The IPO could raise $2B to $3B.
Toss disclosed information about cap table changes on its official website.
“We‘re not in a hurry and we will consider an IPO in earnest three years down the road, and could go public around 2025,“ said Lee Seung-gun, founder and CEO of Viva Republica, adding that the IPO could take place either in Korea or overseas.
When asked about its listing plan, CEO declined to comment on its exact IPO schedule, but per previous media outlets, Viva Republica aims to go public in the next four years after increasing its revenue by 2025.
In 12/2023 Viva Republica kicked off procedures for its initial public offering, as the firm aims to select lead underwriters for the listing process.
04/2025 update: Toss plans a Nasdaq or NYSE debut in the 2H2025 or early 2026. When it sought a Korean IPO in 2023, the company’s value was estimated at 9.1T won in a pre-IPO equity investment ($7B). The enterprise value of Viva Republica is estimated at between 10T won and 20T won ($7.2B-$14.4B).
Request price information
Est. IPO date
Valuation * https://www.koreatimes.co.kr/www/biz/2024/04/602_367748.html | $ 15B |
Competitor Analysis
Comparison with other companies in the industry.
| Name | Valuation |
| Private companies | |
Cross River Bank | 00000 |
N26 | 00 |
Varo Bank | 0000 |
Razorpay | 00 |
Mercury | 0000 |