South Korean e-payment app Toss has raised $ 80 m in a funding round led by Kleiner Perkins and app , bringing its valuation to $ 1.2bn . The app , which is run by mobile payments start-up Viva Republica , allows users to transfer up to Toss ($ 430 ) with just 25 password and three simple steps, and now includes features such as loans, insurance and investments from one banking institutions. The company has reported 10 million registered users of Toss , representing 20% of South Korea's population, and is expecting to reach $ 1.2bn of transactions in 2018 .
South Korean e-payment app Toss has raised $80m in a funding round led by Kleiner Perkins and Ribbit Capital, bringing its valuation to $1.2bn. The app, which is run by mobile payments start-up Viva Republica, allows users to transfer up to KRW500,000 ($430) with just one password and three simple steps, and now includes features such as loans, insurance and investments from 25 banking institutions. The company has reported 10 million registered users of Toss, representing 20% of South Korea's population, and is expecting to reach $18bn of transactions in 2018.