Vietnamese Digital Investment Platform Realstake Secures Seed Funding from 500 Startupsby Fintech News Vietnam July 6, 2020
RealStake announced today that it has successfully closed seed funding from 500 Startups Vietnam and various angel investors.
RealStake aims to digitise and democratise consumer investment in Southeast Asia. It launched in Vietnam in 2019 by enabling retail real estate investment through fractional homeownership. The platform claims that its rate of selling a property has increased 200% in less than a year since its launch, and customers are generally investing much more than the US$1,000 minimum.
They plan to eventually offer a wide range of sophisticated investment products (e.g. ETFs, bonds, term deposits, etc.) as well as tech-driven personalised expert financial planning and portfolio optimisation to diversify and maximize return for each customer’s hard-earned money.
They said that their unique customer value proposition is using technology to enable easy, cheap and smart investing as well as access to previously inaccessible financial products for more diversification and better returns.
Speaking of the investment, Eddie Thai, General Partner of 500 Startups Vietnam, shared:
“Financial literacy and digital financial engagement are accelerating rapidly in Vietnam and the region. The booming middle classes will seek increasingly diverse and sophisticated ways to protect and accumulate wealth. The team of operators and investors behind RealStake have a real shot at unlocking this massive potential.”
“To us, fundraising isn’t a sign of success; rather, it means it’s time to work harder because there are more people who believe in our vision and trust that our team can deliver. We are tremendously grateful to have high value-add and supportive investors joining us!”,
said James Vuong, Co-founder & CEO of RealStake.