Toss Bank becomes Korea's 1st NextGen Tech 30 firm

Toss Bank Head of Strategy Park Jin-hyun, front row center, poses during the NextGen Tech 30 ceremony at the Singapore Exchange, Tuesday. Courtesy of Toss Bank

Toss Bank on Wednesday became the first Korean company named in NextGen Tech 30, a region-wide initiative recognizing Asia's most innovative and high-potential growth companies.

The program, organized by Singapore-based investment platform Granite Asia, is supported by global strategic partners including Amazon Web Services, Google, NVIDIA and MUFG.

This year's ceremony was held Tuesday at the Singapore Exchange. Toss Bank said it also participated in a networking event, engaging with global investors and leading Asian tech companies to explore potential partnerships.

The judging panel included Scott Beaumont, former president of Google Asia Pacific, a partner from the private equity firm KKR Asia, a managing director from Temasek, an adviser from the private wealth fund GIC and the head of equities at the Singapore Exchange.

Selection criteria for the list focused on three pillars: innovation, growth potential and regional relevance. Toss Bank was recognized for its rapid growth and product innovation in Korea's financial sector.

The company has introduced a number of standout services, including a daily interest payout feature that provides interest even for one-day deposits, and a fraud protection program that directly compensates victims of financial scams. Another popular offering is its foreign currency account, which enables real-time currency exchange with zero transaction fees.

"This selection is a recognition of Toss Bank's innovation, rapid growth and leadership in the Asian financial market," a company spokesperson said. "We will continue setting new standards in finance through digital technology and aim to become a globally recognized online bank from Korea."