[…] Toss Bank received preliminary approval for a digital banking license from the Financial Services Commission of Korea in December 2019 and launched its services in September 2021, becoming the third digital bank in South Korea to operate without a physical branch. It has over 2.3 million users as of March 2022, offering various banking services such as deposits, loans, debit cards and international money transfers.Toss Bank was planning to raise funds at a valuation of US$3 billion in Q1 2023. […]