Vietnam Newsletter

Vietnam

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 Buy2Sell Ties up With Mastercard for Cross-Border Payments

Vietnamese e-commerce platform Buy2Sell announced a new strategic partnership with Mastercard to enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services. Mastercard Cross-Border Services enable financial institutions and partners to build

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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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Top 7 Fintech Startups in Vietnam in 2022

Vietnam is one of Asia’s most dynamic startups scenes, a burgeoning ecosystem that’s risen on the back of the country’s booming digital economy, a young population willing to test and adopt new technology consumer services, and a surge in overseas

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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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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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