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South Korean fintech Viva Republica (Toss app operator) to acquire Japan's Cheer Securities
South Korean fintech Viva Republica, operator of the Toss app, is set to acquire Cheer Securities, a smartphone-based brokerage subsidiary of Japan's Tokai Tokyo Financial Holdings. The move aims to capitalize on growing interest in investing among young Japanese consumers and expand Viva Republica's reach in mobile-first retail investing.
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