South Korean fintech platform Toss has secured additional backing from investors including Baillie Gifford and Singapore sovereign wealth fund GIC, according to Bloomberg sources.

The investment was completed through a secondary share sale and did not involve issuing new shares. The size of the transaction and the identity of the sellers were not disclosed.

Toss is operated by Viva Republica and provides digital financial services including payments, insurance, credit scoring, and trading. The group also owns Toss Bank and Toss Securities.

Baillie Gifford said Toss “has established itself as a trusted, all-in-one financial platform that is transforming the way millions of South Koreans manage their money.” 

GIC and Viva Republica declined to comment.

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