Viva Republica (Toss) to acquire 60% of VCNC (Tada)
- Deal value
- —
- Stake
- 60%
- Implied 100%
- —
- Revenue
- $4m
- Op. income
- -$8m
- Multiples
- —
2020 별도 · DART-verified
2020 별도 · DART-verified
DART 20210407000266
- Target
- VCNC (Tada) · Mobility platform (taxi hailing)
- Buyer
- Viva Republica (Toss) · SI
- Seller
- Socar (via new share issuance)
- Structure
- —
- Announced
- Oct 8, 2021
- Closed
- —
- Stage
- Announced
Target
VCNC operates the mobility service Tada, which launched 11-seat van ride-hailing in 2018 and reached 1.7 million users before suspending the service in April 2020 after a transport law amendment; it now runs Tada Lite, a platform franchise for taxi license holders.
Deal rationale
Toss said the acquisition would expand its financial business, such as payments, and widen options for mobility users and industry workers (Financial News). Toss CEO Lee Seung-gun cited a KRW 12tn taxi market with about half booked via apps and expected synergy with Toss payments and other financial services. The new-share issue price was not disclosed (Byline Network); Socar CEO Park Jae-wook said the partnership was a chance for new challenges with Toss. The companies planned expanded membership benefits for Toss's 20 million and Socar/Tada's 9 million users.
| Revenue | $4m |
| Operating income | -$8m |
| EBITDA | — |
| Net income | — |
2020 별도 · DART-verified · 20210407000266
Press coverage
- 파이낸셜뉴스 (2021-10-08): “브이씨엔씨(VCNC, 타다 운영사) 지분 60% 인수를 결정하고, 3사 간 양해각서(MOU)를 체결했다고 8일 밝혔다”
- 바이라인네트워크 (2021-10-08): “다만, 신주발행가액은 공개하지 않는다.”
- 세계일보 (2021-10-08): “모빌리티와 핀테크가 결합된 새로운 가치를 창출”
- 토스 공식 블로그(토스피드) (2021-10-08): “토스의 결제사업 등 여러 금융서비스와 시너지가 기대된다”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.