South Korea’s Toss App Is Said to Get Fresh Backing From Baillie Gifford, GIC
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Toss app on a mobile phone in Seoul, South Korea.South Korean super-app Toss has brought in investors including Singapore sovereign wealth fund GIC Pte and investment firms Baillie Gifford, Wellington, and WCM, people familiar with the matter said. The transaction didn’t involve issuing new shares, according to the people, who asked not to be identified because the information isn’t public. The sellers and the size of the investments couldn’t be learned.