Exclusive: Toss reports 1st annual profit since founding

Korean fintech firm sees first profitable year in a decade, driven by growth in Toss Securities, commerce, and advertising.

South Korean fintech company Toss is expected to achieve its first annual profit in 10 years since its founding in 2013. Strong performances from Toss Bank, Toss Securities, and its commerce services have driven this success. Building on this momentum, the company plans to go public on the U.S. stock market later this year.

According to industry sources on Jan. 9, Viva Republica, Toss’s operating company, has recently confirmed internally that it recorded its first annual profit last year. After posting a net loss of 216.6 billion won in 2023, the company reduced its first-quarter loss from 18.3 billion won to just 1.9 billion won in the second quarter. It subsequently achieved quarterly profits in both the third and fourth quarters, expecting an annual profit.

Source: CHOSUN