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GIC, Sequoia China Invest $40mn In Viva Republica

Korean fintech start-up Viva Republica received an investment of $40mn from GIC, Singapore's sovereign investment fund, and Sequoia China. Started as a P2P money transfer service in 2015, Toss has now expanded into a platform providing a full suite of financial services, allowing users to easily manage every facet of their daily financial lives. Beyond money transfers, users can now conveniently utilise an array of consumer finance services within a single app, including a financial dashboard, credit score management, customised loan/insurance plans, as well as multiple investment services. "Toss' evolution as a mobile financial services platform is very impressive. In addition to...