Posts From Fintechnews Vietnam

Vietnam’s VC Market Matures as Investments Reach Record Highs

2021 was a record year for venture capital (VC) investments in Vietnam, driven by a maturing technology startup ecosystem, an increasing number of later stage investments, and rising participation from both local and foreign investors eager to tap into Vietnam’s

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Vietnam’s Card Payments Market Expected to Hit US$37.6 Billion This Year

The Vietnamese card payments market is expected to grow by 23.8% to reach VND859.2 trillion (US$37.6 billion) in 2022, according to a report by GlobalData. According to the data and analytics firm, this growth is supported by rising consumer spending

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Vietnamese BNPL Firm Fundiin Secures US$5 Million Series A

Vietnamese Buy Now, Pay Later (BNPL) firm Fundiin announced that it has secured US$5 million in a Series A funding round that was co-led by Trihill Capital and ThinkZone Ventures. Additional investors who had joined the financing round include 1982

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Igloo Rolls Out Home Content Insurance With Shopee in Vietnam

Insurtech firm Igloo has partnered with e-commerce platform Shopee to roll out its Home Content Insurance offering in Vietnam. Underwritten by Bao Viet Insurance, the offering is a comprehensive protection solution for indoor assets against unexpected events such as natural

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Vietnamese Digital Bank Timo and OpenWay Bag Award for Payments Software

Vietnamese digital bank Timo and OpenWay, a digital banking and payment software platform, received the Vietnam Technology Excellence Award for Payments Software for its digital banking platform. The award programme recognises major breakthroughs and innovative ways that technology is used

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Vietnamese Digibank Timo Promotes Jonas Eichhorst as New CEO

Vietnam-based digital bank Timo announced that its Chief Financial Officer, Jonas Eichhorst has been promoted as CEO and will retain his position on the board of directors. In his new leadership role, Jonas will continue to work closely with Henry

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Vietnam’s Be Group Secures US$60 Million Loan Facility From Deutsche Bank

Vietnamese ride-hailing startup Be Group announced that it has secured a loan facility of approximately US$60 million from Deutsche Bank with the option to increase the financing up to US$100 million. Be Group said that it will use the funds to

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Vietnamese Earned Wage Access Startup Nano Raises US$6.4 Million

Nano, Vietnam’s Earned Wage Access (EWA) provider, announced that it has raised US$6.4 million in an oversubscribed pre-Series A funding round led by Openspace, the early backer of Gojek, Kumu and Finhay. New investors that participated include Partech Partners, Tekton

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Vietnam’s Banking Execs Call for Open Banking Framework

In Vietnam, although financial institutions have realised the potential of open banking to enable more inclusive and accessible financial services, a patchy legal framework is hampering their efforts to join the data revolution. Praising the opportunities brought about data sharing,

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Vietnamese Fintech Anfin Bags US$4.8 Million Pre-series A Co-led by Y Combinator

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

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