Novel and existing investors PayPal and Qualcomm Ventures all contributed to a round for Toss owner Viva Republica that valued it at $1.2bn.
Viva Republica, the South Korea-based owner of payment app Toss, has received $80m in funding from investors including telecommunications company Novel, payment technology provider PayPal and mobile chipmaker Qualcomm, TechCrunch has reported.
The round, which valued the company at $1.2bn, was co-led by Kleiner Perkins and Ribbit Capital, and also featured Altos Ventures, Bessemer Venture Partners (BVP), Goodwater Capital and KTB Network, while Qualcomm invested through its Qualcomm Ventures unit.
Toss was originally created as a peer-to-peer money transfer app…
