Vietnamese Fintech Anfin Bags US$4.8 Million Pre-series A Co-led by Y Combinatorby Fintech News Vietnam June 22, 2022
Anfin, a Vietnam-based fintech firm with a proprietary stock trading platform, announced it has raised US$4.8 million in its pre-Series A funding round.
The round was led by angel investor Clement Benoit, Founder of Stuart & Not so Dark as well as Y Combinator.
Other notable investors including Rebel VC, Kharis Capital, Newman Capital, First Chek Ventures, Micro Ventures, Springcamp, and AngelHub also participated in the round.
The funds will be deployed towards strengthening Anfin’s product development especially its social investment product which lets users host and join live audio rooms.
Through the use of tech-enabled profiling and risk assessment, Anfin will enable credible investors a platform to share ideas, strategies, and trades.
Furthermore, Anfin will continue its partnership development to offer more financial asset classes from its current offering of over 300 stocks and nine ETFs, allowing users to trade and diversify their portfolios with a few simple clicks.
Additionally, the funds will also be used to bolster Anfin’s relationship with local investor communities. This includes improving the library of free educational content and working directly with universities on products that incentivize financial literacy.
In January this year, Anfin had secured US$1.2 million in a seed round led by Goodwater Capital and Global Founders Capital (GFC).
Phuoc Tran, CEO and Co-founder of Anfin said,
“Within a year, Anfin’s stock investment application has had more than 1 million app downloads. In line with the company’s vision for the next phase of growth, it was very important to join hands with the right set of leaders and investors.
Our mission is to democratise access for retail investors in Vietnam to a variety of financial assets ranging from stocks, bonds, and structured investment products among others while increasing access to financial ideas.”