Vietnam Newsletter

Vietnam

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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Vietnam’s Finhay Raises US$25 Million Series B Co-led by Openspace Ventures and VIG

Vietnam’s digital investment platform Finhay has secured a US$25 million in a Series B funding round co-led by Openspace Ventures and VIG. Other participants in the funding round include Insignia, TVS, Headline, TNBAura and IVC. Finhay said that the new

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Vietnamese Proptech Houze Raises US$2 Million in Fundraise Led by DKRA Group

Houze, a proptech startup based in Vietnam that offers a fully integrated real estate ecosystem for agents and customers through its offline-to-online platform, has raised US$2 million in a funding led by DKRA Group. DKRA Group is a major real

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Vietnam’s MSB Picks Temenos to Push Its Digital Transformation Plans

Vietnam Maritime Commercial Joint Stock Bank (MSB) has selected banking software company Temenos to modernise its core banking system. MSB is one of the largest commercial banks in Vietnam, with nearly 3.1 million retail and 64,300 corporate customers. The bank

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bolttech Expands Its Vietnam Footprint With Viettel Telecom Partnership

Insurtech unicorn bolttech announced that it has partnered with Vietnam’s telecommunications network operator Viettel Telecom. The partnership launched insurance offerings, powered by bolttech’s insurance exchange platform, on Viettel’s customer app MyViettel. The offerings include health, travel, home, car, and motorbike

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Here Are Vietnam’s 8 Most Active Fintech Investors and The Startups They Are Betting On

2021 was a blockbuster year for Vietnamese fintech startups: established players gained traction on the back of rapid digital adoption due to COVID-19, and global investors poured millions into the sector to support the growth of promising ventures. Last year,

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Saigon-Hanoi Bank Picks Temenos to Accelerate Its Digital Transformation

Saigon-Hanoi Bank (SHB) announced that it has selected Temenos, a banking software company, to accelerate its digital transformation. SHB is one of the largest joint-stock commercial banks in Vietnam, serving more than five million individual and corporate customers. Adopting the

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Funding Societies Officially Launches in Vietnam, Marking Its 5th Market Expansion

Southeast Asian SME digital financing platform Funding Societies has officially launched in Vietnam today, marking its fifth market expansion. Since its soft launch in Vietnam in December 2021, Funding Societies has already achieved over US$20 million in disbursements, and it

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