Vietnam’s retail investment app Infina announced they have closed US$6 million in seed funding from Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks.
Infina was part of Surge’s sixth cohort which is a rapid scale-up programme for startups in Southeast Asia and India.
The investing app aims to democratise investing by making investing accessible for everyone, regardless of income group, and caters to young and first-time investors whose needs have not yet been well-addressed by existing solutions in the market.
Through Infina, users can choose from a wide range of asset classes, from fixed-income products to mutual funds, and more recently stock trading.
Infina is also making investing widely available to everyone by growing its presence across third party ‘super’ apps.
Users can now access Infina’s investing products via e-commerce app Tiki.
The company reported that it has witnessed hyper growth in its userbase by clocking a compound monthly growth rate of 64% in funded accounts in 2021.
“Infina’s mission is to empower the rise of retail investors to participate in existing and emerging asset classes so that everyone has a real stake in the economy and prosperity of the country.
We’ll be using the funding to continue to build out a world-class team that can develop great technology, deliver the best experience to our users, and drive even faster growth so that we can serve a large portion of the new investors joining the market in the next three years.”
said James Vuong, Founder and CEO of Infina.
