KDB and Alkeon Capital Managemen led a $410m funding round in Viva Republica.

Korea Development Bank, a national bank, and Alkeon Capital Management, an American investment company, led a $410m funding round in Viva Republica, known as Toss Securities, a fintech company. Additional inverts include Altos Ventures and Greyhound Capital. “Korea has the highest level of financialization per household in banking, card, insurance, etc. in the world, and the speed of digital transformation of finance is rapidly accelerating after covid-19, so the growth opportunity for the mobile financial platform is very large. With Toss as a direct player in key areas such as banking and securities, we are able to design financial services and products from a customer perspective,” Seung-Gun Lee, Toss CEO of Toss.