The Southeast Asian fintech startup has been a dynamic landscape, with countries like China, India, Singapore, and Indonesia emerging as fintech hubs, each with unique strengths and focus areas. Besides, governments across Asia actively work on fintech regulations to balance innovation and consumer protection. In 2023, the industry attracted substantial investments, with strong financial inclusion […]

In its recent Series A funding round, Vietnamese fintech platform MFast has successfully raised US$6 million. Wavemaker Partners, an early-stage venture capital firm with offices in Los Angeles and Singapore, led the funding. New investors include Headline Asia, based in Tokyo, and Finnoventure Fund I. MFast operates under the umbrella of Vietnam-based startup DigiPay. The […]

F88 Investment Joint Stock Company (F88) has raised additional investments amounting to $50 million from a recent fundraising that was led by Vietnam-Oman Investment Fund (VOI) and Mekong Enterprise Fund IV(MEF IV). It intends to invest the funds in technology, data analytics and data science, brand building and acquiring new customers, and hiring and the […]

The modern e-wallet market in Vietnam will continue to surge and is expected to reach 50 million active users by July 2024, according to experts. Robocash Group said in a report that “the modern e-wallet market in Việt Nam is booming with 90% of the market falling on three wallets: Momo, Moca and ZaloPay.” In […]

Grab Company Ltd. (Grab Vietnam) has publicly announced its collaboration with ZaloPay E-Wallet to launch ZaloPay on the Grab app. This means that payments made via ZaloPay is now available for almost all Grab app services, including transport, food and grocery, and parcel delivery. “Being able to connect with various payment methods through Moca and […]

Vietnam’s earned wage access (EWA) provider Nano announced that it has raised $6.4 million in an oversubscribed pre-Series A round led by Openspace, the early backer of Gojek, Kumu, and Finhay. New investors that participated include Partech Partners, Tekton Ventures, KVision, IT Farma and Sketchnote Partners. Existing backers Golden Gate Ventures, FEBE Ventures, FJLabs, Venturra, […]

Finhay, Vietnam’s premier digital investment platform, has secured $25 million in its Series B funding round co-led by Openspace Ventures and VIG. Insignia, TVS, Headline, TNBAura, and IVC also participated in the funding round, according to an announcement. The fresh funding will go toward strategic business expansion, personnel acquisition, and technological development. In addition to […]

Vietnam- and Singapore-based AI fintech startup Trusting Social has successfully raised $65 million in its Series C funding round led by the Sherpa Company, a subsidiary of Masan Group. BDA Partners was the exclusive financial advisor to Trusting Social on the transaction. Trusting Social is an AI fintech company aspiring to democratize financial services through […]

Vietnam-focused retail investing app, Infina has raised US$6 million in its seed funding round led by Sequoia Capital India’s Surge, Alpha JWC, Y Combinator, Saison Capital, Startling Ventures, and App Works. According to the company, additional investors who earlier backed Coinbase, Robinhood, and similar offerings in other markets also participated in the funding round. Launched […]

Vietnam’s fast-growing FinTech market holds great potential for tech companies that support digital payments, digital banking, and blockchain. The FinTech startup scene of Vietnam has almost tripled between 2017 and 2020. The country is presently home to 130 FinTech startups that cover a wide range of services to numerous clients. The support of Vietnam’s government […]