Vietnam Newsletter

Vietnam

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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Vietnam’s FPT Software Partners With Squirro to Unlock Insights From Data

Vietnam’s IT firm FPT Software announced that it has formed a partnership with Squirro, a Switzerland-based augmented intelligence solutions provider. Through this partnership, the two companies will offer their customers comprehensive enterprise solutions backed by Artificial Intelligence (AI) to leverage

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Vietnamese Fintech Trusting Social Bags US$ 65 Million Investment From Masan Group

Trusting Social, a Vietnam-based AI-powered credit scoring platform, announced that it has secured US$ 65 million for the initial close of its Series C funding round from The Sherpa Company, a subsidiary of Masan Group. According to DealStreetAsia, Masan now

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5 Early-Stage Fintech Startups from Vietnam to Follow in 2022

2021 was a fruitful year for Vietnam’s fintech sector which saw rising consumer adoption of digital financial solutions amid COVID-19 restrictions and continued investor interest in the growth prospect of the sector. Vietnamese fintech companies raised a total of US$375

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Visa Partners With VNPAY for Digital Payments Push in Vietnam

Visa has entered into a strategic partnership with Vietnamese electronic payment solutions provider VNPAY to enhance the digital payments experience in the country. The partnership aims to make cashless payment more accessible in Vietnam through the expansion of VNPAY’s affiliate

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Vietnam’s HD Bank Picks Thought Machine to Reinvent Its Digital Offerings

Vietnam’s HD Bank announced that it has formed a strategic collaboration with Thought Machine, the UK-headquartered core banking technology company. HD Bank is embarking on a multi-year strategy to develop and deploy modern technology as part of a transformation programme,

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Vietnam’s Retail Investment App Infina Bags US$6 Million in Seed Funding

Vietnam’s retail investment app Infina announced they have closed US$6 million in seed funding from Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Infina was part of Surge’s sixth cohort which is a rapid

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