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Korea based payment app raises $40m bridge round from Sequoia China and Singapore's SWF GIC, a year after it raised $48 million from PayPal.
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Lee, the Viva Republica CEO, previously said he doesn’t fear Kakao since in his mind it is creating a b2b business while Toss is focused wholly on the consumer experience. Now it has a couple more seasoned backers in its corner too, courtesy of this new investment.
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