South Korean fintech Viva Republica has raised $64m in a funding round led by Hong Kong-based equity investor Aspex Management.

The company’s existing investors including GIC, Sequoia Capital China, Kleiner Perkins, Altos Ventures, Bessemer Venture Partners and Goodwater Capital also participated in the round.

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It follows the company raising $80m in December last year in a funding round led by venture capital firms Kleiner Perkins and Ribbit Capital. The investment valued the company at $1.2bn.

Following the latest funding, Viva Republica has a total of $250m valuing the company at $2.2bn.

The company, which was founded in 2013, launched its mobile financial service platform Toss two years later.

The platform was launched as a P2P money transfer service and now it supports a variety of financial services. It allows users view bank and credit/debit card transactions, access loan and insurance plans and credit score management.

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According to the company, the Toss app has been downloaded more than 30 million times and has around 13 million registered users. It has already processed more than $42bn in transactions.

Commenting on the investment, Aspex Management founder and CIO Hermes Li said: “We like the large addressable market financial services offer and the unique leading position Toss occupies amongst mobile consumers.”

The investment is expected to help the company to further ‘solidify’ its position as a fully integrated consumer financial services platform, he added.