Posts From Fintechnews Vietnam
Top 10 Investors in Vietnam Backing Emerging Fintech Startups
Over the past years, Vietnam has emerged into one of the fastest-growing fintech markets in Southeast Asia, amid growing customer adoption, sustained venture capital (VC) funding activity, and increased support from the government to foster innovation. In this burgeoning landscape,
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Momo’s 31 Million Users Can Now Receive Western Union Money Transfers
Vietnamese e-wallet M-Service which operates under the MoMo brand announced that it has enabled its customers to receive Western Union money transfers on its app. MoMo said in a press release that it is the first super app in Vietnam
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JIVF Partners With OpenWay to Bolster Its Suite of Credit Offerings
JACCS International Vietnam Finance Company (JIVF) announced that it will be migrating to Way4, a digital payments platform from OpenWay to bolster its suite of consumer finance products. JIVF is a member of JACCS, which was founded in Japan in
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KASIKORNBANK Doubling Down on Vietnam Expansion Efforts
KASIKORNBANK (KBank) is doubling down on the expansion of its operations in Vietnam, setting its sights to achieve US$400 million in net income and a customer base of 8.4 million in Vietnam by 2027. The bank had already established a
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UOB Completes Citi’s Consumer Banking Acquisition Deal in Vietnam
UOB has finalised the acquisition of Citigroup’s consumer banking business which comprises its lending portfolios, wealth management and retail deposit businesses in Vietnam. The completion of the acquisition had also included the transfer of approximately 575 Citigroup related staff to
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In Vietnam, Rural Adoption Is the Driving Force for Cashless Payments
In 2022, cashless payments continued to see increased usage in Vietnam, carrying on a trend that accelerated with the COVID-19 pandemic. This trend is emerging at the expense of cash usage which continued its decline last year. In 2022, non-cash
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Vietnam’s Earned Wage Access Firm GIMO Closes US$5.1 Million Series A
Vietnam-based earned wage access startup GIMO raised US$5.1 million in the first close of its Series A funding round led by TNB Aura. The round was joined by returning investors Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y
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Masan Group’s Subsidiary Invests US$105 Million in Singapore’s Trust IQ
Vietnamese conglomerate Masan Group’s subsidiary the Sherpa Company has received the green light to invest US$105 million in Singapore’s tech company Trust IQ, the holding company of Trusting Social. The announcement of Masan’s investment was made in April 2022. Sherpa will
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IFC Invests US$100M in Vietnamese Bank to Expand Access to Home Loans
The International Finance Corporation (IFC) has invested US$100 million investment in Joint Stock Commercial Bank Southeast Asia (SeABank) in a push to create greater access to home loans in Vietnam. With this investment, SeABank is expected to at least double
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Gojek Appoints Sumit Rathor as the General Manager for Vietnam
Southeast Asian ride-hailing company Gojek announced that it has appointed Sumit Rathor as the General Manager for Vietnam. Sumit will be succeeding Duc Phung who is the Co-founder and former General Manager of Gojek Vietnam since 2020. Phung will be
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