Tech Company Financing Transactions
Toss Bank Funding Round
On 8/3/2023, Toss Bank announced $154 million in investment from Altos Ventures, Goodwater Capital and Hanwha Investment.
Transaction Overview
Company Name
Announced On
8/3/2023
Transaction Type
Venture Equity
Amount
$154,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The massive capital injections are notable for coming at a time when funding remains largely constrained globally; and also to underscore the competitive stance that Toss Bank is taking in Korea, which has a number of other challenger banks vying to compete against incumbents to lend money and help consumers with their financial affairs.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
11th Floor, Korea Intellectual Property Center 131 Teheran-r
Gangnam-Gu, Seoul, 06133
KR
Gangnam-Gu, Seoul, 06133
KR
Phone
Website
Email Address
Overview
The Toss Bank team aims to establish a new Internet bank for financial innovation in Korea. 'Toss Bank', which claims to be an innovative and inclusive challenger bank, redefines the existing supplier-centered financial experience to a customer-centered, and aims to provide essential financial services to the financially underprivileged who have been shunned from the traditional financial sector. .
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mintaek Hong
Chief Information Officer
Jeong-Ha Lee
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Where The Data Comes From
We do our best to document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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