The round was led by Goodwater Capital and Qualcomm Ventures, with participation from existing investors Altos Ventures and KTB Network.
The company intends to use the funds for product development.
Led by CEO SG Lee, Viva Republica provides Toss, a financial app for consumers across South Korea to access to funds and pay bills. Viva Republica also facilitates microloans (Toss Loans) while providing real-time insight into all of bank accounts (Toss Finance Dashboard).
Toss has more than 4 million customers and $1 billion in transactions processed.