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Toss Bank

Experience a new era of banking, prioritizing your needs and bringing essential financial services to those who need them most

Founded 2020 201-500 employees Venture round Total: $700.15B Internet, Banking

General Information

Company Name Toss Bank
Founded Year 2020
Employees 201-500
Industries Internet, Banking
Funding Stage Venture round
Business Model B2C, B2B, Embedded Finance
Revenue Model Service Fee, Usage Based, Transaction Fee
Social

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About Toss Bank

Toss Bank, established in 2020, embodies a transformative approach to banking, especially within Korea's financial landscape. With the slogan "Experience a new era of banking, prioritizing your needs and bringing essential financial services to those who need them most," the company emphasizes a customer-first strategy over traditional models.

This internet banking service focuses on inclusivity, targeting financially underserved demographics with groundbreaking solutions. Toss Bank is redefining access to banking services by making them more attainable for economically disadvantaged communities traditionally sidelined by standard systems.

In its latest investment round, Toss Bank secured a substantial $154.00M in a Venture Round dated 01 March 2023, with participation from key investors including Premier Partners, Home & Shopping, and Korea Investment Capital. This financial backing underscores strong investor confidence in its innovative approach to reshaping the banking industry.

Business keywords: Internet Banking, Financial Innovation, Customer-Centric Banking, Inclusive Finance, Challenger Bank, Financial Inclusion, Digital Banking, Economically Disadvantaged Support, Innovative Financial Services, Banking Disruption, Supplier-Centric Model Transformation

Services & Products

Banking
Personal Loans
Foreign Exchange
Payment Cards
Investment Services

Target Customers

Individual Customers Small Business Owners Corporate Clients Financial Investors

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $154.00M 3
Premier Partners, Home & Shopping +1
01 Mar 2023
Venture Round KRW100.00B 4
KBIZ, E.LAND +2
22 Nov 2022
Venture Round KRW300.00B 1
Welcome Capital
24 Feb 2022
Venture Round KRW300.00B 1
Hanwha Investment
26 Oct 2021

Toss Bank Alternatives & Competitors

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FAQ About Toss Bank

Experience a new era of banking, prioritizing your needs and bringing essential financial services to those who need them most
Toss Bank was founded in 2020.
Toss Bank operates in Internet and Banking. Its work centres on Internet Banking, Financial Innovation, Customer-Centric Banking and Inclusive Finance. Its customers include Individual Customers, Small Business Owners and Corporate Clients.
Toss Bank has a B2C, B2B and Embedded Finance business model. Its revenue comes from Service Fee, Usage Based and Transaction Fee.
Toss Bank has approximately 201-500 employees.
Toss Bank has completed 4 funding rounds, raising a total of $700.15B. The latest funding stage is Venture round.
Toss Bank offers: Banking, Personal Loans, Foreign Exchange, Payment Cards, Investment Services.
Top alternatives and competitors to Toss Bank include Veritran, FairMoney. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Toss Bank and Veritran are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Toss Bank, https://bouncewatch.com/company/toss-bank, updated 20 March 2026. When citing, please name BounceWatch and link this page.

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