South Korean fintech Toss to launch all-in-one finance app in Australia

Leading South Korean fintech company Toss has announced plans to launch its all-in-one finance app in Australia later this year, marking the start of its global expansion.

Alongside its international rollout, Toss is preparing to introduce a Korean Won-based stablecoin once regulatory frameworks permit. Having already established itself as a dominant player in South Korea, the company now aims to replicate its model in markets where consumers juggle multiple bank accounts or financial apps. Its goal is to streamline this experience by consolidating accounts into a single, unified platform.

Since its founding in 2015, Toss has grown rapidly, now serving more than 30 million users in South Korea. Australia will be its first overseas market, chosen for its fragmented banking ecosystem and favourable Open Banking regulations.

To support the launch, Toss has already set up an Australian subsidiary, which plans to begin offering core services such as peer-to-peer money transfers by the end of 2025.