Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Major Highlights from the Online Korea Fintech Week 2020 Conference

Naver's Webtoon Business Governance Structure Changes - A Prelude to an IPO in the U.S.?

Payments: Momentum Driving MercadoLibre Now; PayPal & PagSeguro Attractive on Growth & Fundamentals

Private Capital Markets

<ul>
<li>In this insight, we provide details about <a href="https://www.smartkarma.com/entities/viva-republica-ltd" target="_blank" data-smartkarma-citation="entities:28972" rel="noopener">Viva Republica (TOSS KS)</a> , which is the largest "pure-play" fintech company in Korea. Toss was originally launched in 2015 as a peer-to-peer payments app. Viva Republica is the first and only fintech unicorn in Korea right now.</li>
<li>Viva Republica's Toss product had about 10 million monthly active users (MAU), 16 million registered users, and achieved its first-ever operating break-even in April 2020. Toss generated sales of <a href="https://www.kapronasia.com/asia-banking-research-category/south-korea-s-toss-records-first-ever-profit-amid-pandemic.html" target="_blank" rel="noopener">14 billion won</a> in April 2020 (up from 9.8 billion won in April 2019). It is estimated that Toss currently handles about 4.5 trillion won ($3.7 billion) of transactions a month. It processed about 9% of total online transfers in Korea in 2019.</li>
<li>The company's long-term goal is to become the most widely used and profitable financial app in Korea. The company is benchmarking other global fintech giants such as Paypal, Robinhood Markets, and Credit Karma in terms of aggregating various financial services into one app platform. Toss is also seeking to expand in other countries, including Vietnam, other Asean countries, and Japan. </li>
</ul>


In this insight, we provide details about Viva Republica (TOSS KS) , which is the largest "pure-play" fintech company in Korea. Toss was originally launched in 2015 as a peer-to-peer payments app. Viva Republica is the first and only fintech unicorn in Korea right now.
Viva Republica's Toss product had about 10 million monthly active users (MAU), 16 million registered users, and achieved its first-ever operating break-even in April 2020. Toss generated sales of 14 billion won in April 2020 (up from 9.8 billion won in April 2019). It is estimated that Toss currently handles about 4.5 trillion won ($3.7 billion) of transactions a month. It processed about 9% of total online transfers in Korea in 2019.
The company's long-term goal is to become the most widely used and profitable financial app in Korea. The company is benchmarking other global fintech giants such as Paypal, Robinhood Markets, and Credit Karma in terms of aggregating various financial services into one app platform. Toss is also seeking to expand in other countries, including Vietnam, other Asean countries, and Japan. 


비바리퍼블리카(토스) - 국내 최대 핀테크 기업