How the company plans to enter the world of transportation:
Viva Republica operates Toss, a finance superapp with over 20 million users in Korea—equivalent to more than one-third of the country’s population. Launched in 2015, Toss started out as a money transfer service and has since expanded to offer a suite of financial services, including banking, insurance and investing.
Now, nearly seven years after launching Toss, Viva Republica is making its first major move beyond digital finance.Jean Chung/Bloomberg Later this month, Viva Republica expects to complete its acquisition of a 60% stake for an undisclosed amount in Seoul-based VCNC, which operates a ride-hailing service in Korea called. Lee is excited about the fact that, unlike insurance and payments, many people use ride-hailing services like Tada on a regular basis."It's a daily usage app," says Lee in a video interview from the fintech startup's office in Seoul.
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