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Startups

South Korea fintech unicorn Toss raises $64m in fresh funding

Hong Kong-based Aspex Management leads investment in P2P money transfer service

CEBU, Philippines -- Hong Kong-based equity investor Aspex Management led a $64 million funding round for South Korean fintech startup Viva Republica, the PayPal-backed creator of financial services platform Toss.

Viva Republica said the fresh funds boosted the company's value to $2.2 billion, with participation from Toss' existing investors, including Kleiner Perkins, Altos Ventures, Singapore's GIC, Sequoia Capital China, Goodwater Capital and Bessemer Venture Partners.

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