That’s intriguing. 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. In the US, PayPal announced that it had acquired Braintree, an online payments company based in San Francisco, for $50m.
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. In the US, PayPal announced that it had acquired Braintree, an online payments company based in San Francisco, for $50m.