Vietnam secures $36 mln in fintech funding from Jan-Sep: UOB
Vietnam secured $36 million in nine finance technology (fintech) deals in the first nine months of this year, according to the Singapore-based United Overseas Bank's (UOB) FinTech in ASEAN 2023 report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam fintech firm MFast grabs $6 mln in Series A funding round
Ho Chi Minh City-based fintech firm MFast said Tuesday it has raised $6 million in a Series A funding round which was led by Wavemaker Partners.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
GoLogiq to acquire Vietnam-based payroll fintech firm Symplefy for $30 mln
GoLogiq, Inc., a U.S.-based provider of fintech and consumer data analytics, has signed a definitive agreement to acquire Symplefy, a supplier of innovative payroll and end-to-end human resource management solutions.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fintech firm GIMO raises $17 mln for further expansion
Vietnam-based fintech startup GIMO announced on Monday the completion of a Series A funding round with total capital raise of up to $17.1 million.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Trusting Social brings AI-powered agents to enterprises, backed by Microsoft Cloud
Trusting Social, a leading Asian fintech AI company, has announced the launch of Agent Foundry, a generative AI platform that provides trainable, AI-powered autonomous agents to enterprises.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
MoMo, Facebook, YouTube top app ratings in Vietnam
Vietnam’s e-wallet app MoMo was the most popular fintech app in Vietnam in the first quarter of 2023, while Facebook remained the top social media platform and YouTube held its position as the biggest entertainment video app.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan's SMBC kicks off $200 mln fund to fuel Asian fintech startups
Japanese megabank SMBC has co-founded the corporate venture capital fund “SMBC Asia Rising Fund” with Tokyo-based venture capital firm Incubate Fund (IF) in Singapore while it expands across Asian markets, including Vietnam.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB, Switzerland sign $5 mln cofinancing deal to help Vietnam SMEs
The Asian Development Bank (ADB) and Switzerland signed a cofinancing agreement of $5 million Thursday to nurture fintech that can help address low financial inclusion in Vietnam, particularly among small- and medium-sized enterprises, or SMEs.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
ABBank powers up banking transformation with Dutch firm Backbase’s solution
Backbase, a global leader in engagement banking, launched its partnership with ABBank Thursday to help the Vietnamese lender speed up its banking transformation with a platform by the Dutch technology firm.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore fintech startup TASConnect expands to Vietnam
TASConnect, a supply chain fintech platform incubated through Standard Chartered’s SC Ventures, has been present in Vietnam’s underserved supply chain finance market, forecasted to reach $35 billion by the end of next year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Online payments most popular fintech discussion on social media
Online payments and digital banking were the two most discussed fintech terms on social media in Vietnam in 2022, according to local social listening consultancy Reputa.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam fintech firm Gimo closes $5.1 mln Series A round
Vietnam’s on-demand salary access provider Gimo has raised $5.1 million in the first close of its Series A funding round led by Singaporean venture capital firm TNB Aura.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese startups nab $855 mln in 2022: Nextrans
Startups in Vietnam secured 85 funding deals worth $855 million in 2022, according to South Korea's venture capital company Nextrans.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fintech investments strong in ASEAN, Vietnam tops in app usage
ASEAN remains an attractive destination for fintech investment amid economic and geopolitical uncertainties, with Vietnam and Thailand leading the region in terms of application usage, a new report finds.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam payment service Payoo partners with Dragon Capital
Dragon Capital Vietnam Fund Management has forged a partnership with payment service provider Payoo to facilitate payments to the fund's certificate investors.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Funding Societies signs $50 million credit package with HSBC
Funding Societies, a digital financing platform for Southeast Asian small and medium enterprises, has inked a $50 million credit facility with HSBC Singapore to further expand its business reach.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
AAA Insurance seeks to advance national status with digital transformation
Vietnamese insurer AAA will continue investing in technology and it pursues digital transformation with an eye on occupying a top position in the country, the company’s new chairman says.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam fintech growth an investment magnet: analysts
The Vietnamese fintech sector’s rapid growth, second only to Singapore in Southeast Asia, will be a big attraction for new investment inflows, analysts say.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam poised to introduce regulatory sandbox for fintech
The State Bank of Vietnam (SBV) will accelerate work on an experimental legal framework, or sandbox, for fintech activities in banking and cashless payments, says Governor Nguyen Thi Hong.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Eurazeo introduces $215 mln Southeast Asia-focused insurtech fund
French private equity firm Eurazeo has rolled out a $215 million fund focusing on insurance technology startups in Southeast Asia, home to more than 650 million people and some of the world's fastest-growing economies like Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Funding Societies sees Vietnam as major market
Singapore-based Funding Societies, financially backed by Vietnamese tech giant VNG Corp., has made its debut in Vietnam, which the digital finance platform describes as a significant market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital to venture into fintech
Bamboo Capital plans to invest in fintech this year, a move aimed to bolster the multi-sector conglomerate’s long-term growth.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
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Berjaya Vietnam CEO and his business portfolio
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Vietnam-China joint venture to build $800 mln automobile factory