PayPal joined a selection of VC firms to provide funding for the finance transfer app, which raised more than $23m in a Qualcomm-backed round in September.
Viva Republica, the South Korea-based owner of money transfer app Toss, has secured $48m in series C funding from investors including payment services and technology provider PayPal, Forbes reported yesterday.
Venture capital firms Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures also participated in the round, according to TechCrunch. The capital was raised at a post-money valuation of more than $250m, Forbes estimates.
Toss has built an online money transfer app that has been downloaded more than 6…
