Toss Bank Secures 285 Billion KRW Through Paid-in Capital Increase... "Proving Corporate Value"

43.84 Million New Shares Issued

Toss Bank secured capital of 285 billion KRW through a paid-in capital increase on the 22nd.

At the board meeting held on the same day, Toss Bank announced that its shareholders resolved to proceed with the paid-in capital increase. The newly issued shares amount to approximately 43.84 million common shares, with an issue price of 6,500 KRW per share. This is the largest fundraising in the past year, and with this capital increase, Toss Bank's total paid-in capital rose to 1.935 trillion KRW. Toss Bank achieved a corporate valuation of 2.4 trillion KRW.

Having secured 7.8 million customers, Toss Bank achieved its first monthly profit in July this year, establishing a stable revenue model. It expanded its loan portfolio by launching jeonse and monthly rent deposit loans, and has also built a lineup for the second half of the year including foreign exchange and i-services.

A Toss Bank representative stated, “Despite the market conditions facing a triple crisis of global economic recession, high interest rates, and inflation, we succeeded in attracting investment and were recognized for our corporate value,” adding, “Based on achieving monthly profitability, we will continue the trend of achieving quarterly and annual profits.”

This content was produced with the assistance of AI translation services.