Posts From Fintech News Vietnam
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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UOB Vietnam Partners Mental Health Startup Intellect to Support Its SME Customers
UOB Vietnam has partnered with mental wellness tech company Intellect to enable its small and medium-sized enterprise (SME) customers to provide well-being support for their employees. The bank said that it aims to develop resilience amongst SMEs which form nearly
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Grab Taps Alejandro Osorio to Lead Its Next Phase of Growth in Vietnam
Southeast Asian superapp Grab announced the appointment of Alejandro Osorio as its Managing Director in Vietnam. In his new role, Alejandro will be overseeing the business strategy and operations across all of Grab’s businesses in the country. Alejandro most recently
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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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