fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Vietnamese digital investment platform Finhay scores $25m funding

Team AsiaTechDaily by Team AsiaTechDaily
23 June 2022
in Featured, FinTech
0
Finhay
1
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

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 the fundraising, Finhay has strengthened its market-leading position by acquiring a securities brokerage, making it Vietnam’s sole regulated digital investment platform.

Juy Nghiem, CEO & Founder of Finhay, said they are thrilled to welcome Openspace, VIG, and other investors, and look forward to how their funding and understanding of Southeast Asian fintech helps accelerate Finhay’s growth.

“We believe a massive opportunity exists in Vietnam, which has an enterprising population hungry for the chance to invest smartly. Finhay’s recent developments have paved the way for continued growth as a broader wealth creation platform”, said Jessica Huang Pouleur, Partner at Openspace.

Viet Nguyen, VI Group Director, said they are excited to invest in a “digital native investment platform that has acquired a traditional brokerage”.

In order to give Vietnamese consumers simple and convenient digital access to financial services, Finhay was established in 2017. In a country with a population of about 98 million people as of 2021, there were only 4 million trading accounts for securities.

With more than 2.7 million registered users, Finhay has been able to draw clients eager to take advantage of this opportunity. Due to the young and aspirational demographic that is currently wanting to invest, the market has a lot of potentials. As a result, it is Vietnam’s best digital investing platform.

In 2021, it alone experienced a 150 percent rise in customers thanks to the launch of four new products: cash-wrapped accounts with CIMB, gold trading, a 12-month saving program, and stock trading.

With its brokerage purchase, Finhay is well-positioned to take advantage of the anticipated growth in the Vietnamese securities market. Finhay has dramatically changed Vietnamese perceptions and methods of financial investing. The organization has been able to increase the scope of its wealth-creating offerings thanks to this ground-breaking step.

More than 50 of Vietnam’s most famous financial institutions, including domestic and foreign banks, investment funds, and fintech companies, have joined Finhay, which has already doubled its staff size in the previous year.

Previous Post

Le Yen Thanh, CEO of Vietnam’s Phenikaa MaaS, named in 2022 Forbes 30 Under 30 Asia

Next Post

Korean startup CONTEC’s ground stations behind the successful launch of KARI’s KSLV-II

Related Posts

edit post
Corobot, a disinfecting robot developed by Hills Robotics(Image: Hills Robotics Homepage)
Featured

Korea’s Pangyo Techno Valley: A Pioneering Hub in the Global Robot Industry

September 20, 2023
edit post
Choi Hyun-seok, CEO of F&S Holdings
AR & VR

Fassker CEO on Revolutionizing Fashion through Digital Innovation & Metaverse Technology

September 19, 2023
edit post
Panoramic view of Huons headquarters (Source: Huons YouTube)
Featured

Pangyo Techno Valley, a Cluster of the Korean Beauty Industry, Strengthens Its Global Competitiveness

September 15, 2023
edit post
(Photo = beSUCCESS)
Events

“Born2Global Center”, a Business Support Organization for Global Expansion of Startups, Is Transformed into the “Global Digital Innovation Network Foundation.”

September 14, 2023
edit post
CEO YiKyung Son of Galloping (Image= beSUCCESS)
Featured

The Vision of CEO YiKyung Son of Galloping: Harnessing Data to Foster the Next Son Heung-min and Build the World’s Premier Soccer Team

September 11, 2023
edit post
Oh Seung-taek, CEO of AIMMO (Photo=beSUCCESS)
AI & Big Data

AIMMO Raises 14.4 Billion Won in Pre-IPO Investment, Bolstering Its Global AI Data Solutions Presence

September 9, 2023
Next Post
edit post
CONTEC

Korean startup CONTEC’s ground stations behind the successful launch of KARI's KSLV-II

Discussion about this post

No Result
View All Result

Popular Posts

  • The Top 5 Dating Apps In Asia – 2023

    69 shares
    Share 28 Tweet 17
  • Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

    36 shares
    Share 14 Tweet 9
  • How Rohan Gupta Co-Founder And CEO Of QuillBot Raised $4.25M To Make Writing Painless?

    16 shares
    Share 6 Tweet 4
  • How Roland Ros, Founder Of Kumu Raised $6M To Build The #1 Grossing Social App In the Philippines?

    14 shares
    Share 6 Tweet 4
  • Inshorts CEO Azhar Iqubal: The entrepreneur who got news curated for the Millenials & Gen Z 

    14 shares
    Share 6 Tweet 4
  • Kimberly Yao, CEO And Co-Founder Of CloudEats- A Pioneer Cloud Restaurant Company In SouthEast Asia

    13 shares
    Share 5 Tweet 3
  • Indian FinTech startup Jar raises US$32 million in Series A

    10 shares
    Share 4 Tweet 3
  • Yoma Strategic announces plan to acquire Telenor Group’s stake in Wave Money

    10 shares
    Share 4 Tweet 3
  • Top 5 Cross-Border Acquisitions To Eye for in 2023

    9 shares
    Share 4 Tweet 2
  • Atome Financial and HSBC Singapore Collaborate Again to Expand in the Philippine Market

    9 shares
    Share 4 Tweet 2




  •  Australia
  •  Austria
  •  Bangladesh
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Greater China
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Laos
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Mongolia
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Pakistan
  •  Philippines
  •  Poland
  •  Puerto Rico
  •  Qatar
  •  Russia
  •  Signapore
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United
  •  United Kingdom
  •  United States
  •  Uzbekistan
  •  Vietnam

Topics

  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

FREE NEWSLETTER

Follow Us

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback