Toss takes on SoftBank-backed Grab.

$Grab Holdings(GRAB.US)$ Viva Republica, one of South Korea’s most valuable fintech start-ups, is planning to raise up to $1bn from international investors in the second quarter to fund the expansion of its super app Toss and take on SoftBank-backed competitors Grab and GoTo in south-east Asia.
South Korea’s fintech market is expanding as a result of deregulation in the sector and a growing number of tech-savvy young consumers. Toss has 1.1mn monthly active users in South Korea, according to Lee.