Tagged: vietnam

Insurtech: bolttech Teams Up with Viettel Telecom in Vietnam to Introduce Insurance via their Mobile App

lukasz saczek unsplash Hanoi Vietnam

International Insurtech, bolttech, has announced its partnership with one of Vietnam’s telecommunications network operators, Viettel Telecom. The partnership launches an insurance offering, “powered by bolttech’s insurance exchange platform, on Viettel’s customer app MyViettel with products including health, travel, home, car, and motorbike.” bolttech has cooperated… Read More

Funding Societies Expands into Vietnam

Diem Ryan Kelly Funding Societies

Funding Societies, a Singapore-based digital finance platform, has launched in Vietnam today. This is Funding Societies 5th Asian market. Funding Societies provides smaller firms with access to capital with a credit marketplace. To date, Funding Societies has originated S$3.16 billion with just a 1.26% default… Read More

Vemanti Group Will Launch Digital Bank in Vietnam

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Vemanti Group (OTCQB: VMNT) has signed a 10-year agreement with Vietnam Public Joint-stock Commercial Bank (PVcomBank) to launch one of the first SME digital banking platforms in Vietnam. Vemanti says it will utilize cloud computing, API, automated KYC/AML, Artificial Intelligence, Machine Learning, and blockchain technologies… Read More

Digital Transformation: Thought Machine and HDBank to Enhance Financial Services and Banking Sector in Vietnam

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On February 25, 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – a core banking solution provider. In Vietnam, HDBank will be working with Thought Machine to “develop the latest version… Read More

Infina Welcomes $6M Seed Round to Grow Reach of Retail Investing App Across Vietnam

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Infina, a retail investing app focused on Vietnam, this week announced they have closed a $6 million seed funding round from investors such as Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Additional investors who have backed Robinhood, Coinbase,… Read More

Vietnam’s Startup Rino Finalizes $3M Pre-Seed Round to Tap into Nation’s Quick Commerce Opportunity

Ninh Bình Province Vietnam joaquin unsplash

Rino, the newly-launched startup founded by Trung Thanh Nguyen, has finalized a $3M pre-seed round in order to accelerate the firm’s blueprint for 10-minute instant delivery by “setting up dark stores and building its own logistics units beginning with Ho Chi Minh City.” Trung Thanh… Read More

F88, Vietnam’s Secured Lending Provider, Finalizes $10M Senior Secured Loan Facility from Lendable

Ninh Bình Province Vietnam joaquin unsplash

F88, Vietnam’s secured lending provider and insurance distributor, has reportedly finalized a $10M senior secured loan facility from Lendable Inc, an emerging market Fintech focused on offering debt financing. As mentioned in the announcement, this facility is the first transaction for Lendable in Vietnam and… Read More

MoMo $200M Series E Propels it to Unicorn Status

Unicorn Rising

Vietnamese e-wallet MoMo said today it has raised $200 million in its Series E funding round. Its $2.27 billion evaluation places it firmly in the unicorn club. Japanese bank Mizuho led the round by providing $170 million for a 7.5 per cent stake in the… Read More

Digital Transformation: Saigon Commercial Bank Selects BPC to Streamline Virtual Banking Operations

Ho Chi Minh City Vietnam tron le unsplash

Saigon Commercial Bank (SCB) has announced that it has selected BPC as its solution partner in Vietnam, which should accelerate digital transformation in the nation’s fast-growing banking sector. Using BPC’s SmartVista Platform for switching and Card Management system, SCB can offer hyper-personalized services for clients… Read More

P2P Lender Robo.cash Provides Loan Origination Updates for Q3 2021

Town Crier Announcement Manifesto Shout Explain

Croatian P2P lender Robo.cash has shared the performance of its loan originators for Q3 2021. The Robo.cash team writes in a blog post, dated November 2, 2021, that today, they’re updating clients on the results of the Robo.cash loan originators in Q3. UnaPay, the Philippines… Read More

Trace Network Labs, Vietnamese Brewer, to Release Limited Edition Beer NFTs

lukasz saczek unsplash Hanoi Vietnam

Trace Network Labs said it is ushering in the next generation of the luxury lifestyle within metaverses powered by NFTs, and they’re doing it with beer. The company is partnering with Vietnamese craft beer maker 7 Bridges Brewing Company to release what they believe could… Read More

Vietnam based Virtual Bank Cake Selects Mambu as Cloud Banking Service Provider

Mambu Build New Banks PFF2020

Vietnam-based virtual bank Cake reveals that it has chosen Cloud banking service provider Mambu in order to scale its business operations towards providing a comprehensive range of digital banking solutions. As noted by its management, Cake is a “lifetime free digital bank with a mission… Read More

Vietnam to carry out a pilot to study crypto’s role in creating digital govt

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Vietnam is the latest among smaller nations to have joined the crypto bandwagon as the country is developing a strategy towards having a digital government. In the last few weeks, countries such as El Salvador, Portugal, and Philipinnes have introduced regulations around cryptocurrencies. Vietnam’s Prime… Read More

Bitcoin has Given Investors in Emerging Markets Access to a High-Performing Asset: Report

Double Bitcoin

2020 was a really important breakout year for Bitcoin (BTC), as an influx of institutional capital “spurred” the digital asset to set new all-time highs, Chainalysis notes while pointing out that many individuals and countries may have benefited from the booming prices in the crypto… Read More

Global Fintech Funding Remains Steady with Many Asian Fintechs Raising Massive Mega-Rounds: Report

Tanjong Pagar Bell Singapore Asia

Fintech funding has really picked up in 2021. It’s estimated to have already reached $15 billion during the first quarter, according to CB Insights data. In Asia, Fintech-related investments are on track to exceed $2.6 billion, which is notably the continent’s highest quarterly total since… Read More

Vietnam based BNPL Fintech Fundiin Secures Strategic Investment to Further Expand Business Operations

lukasz saczek unsplash Hanoi Vietnam

Vietnam-based Fundiin, a Buy Now, Pay Later (BNPL) service provider, has acquired an undisclosed amount of funds as part of its latest venture round that was reportedly led by 1982 Ventures and Zone Startups Ventures. The funds acquired from Fundiin‘s investment round will be used… Read More

Open Banking in Vietnam Is On Track to Become Widely-Adopted, but Lags Behind More Developed Southeast Asian Countries

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Vietnamese banks are becoming a lot more aware of Open Banking policies and are beginning to realize that they should look into leveraging open APIs in order to remain relevant in the evolving digital financial services sector. There are at least two local banks in… Read More

Asia: P2P Lending Investment Outlook for HNWIs and Institutional Investors

Asia Hot Pot Food Singapore Cook Eat Dine

The ASEAN economy is expected to become the fourth-largest economy in the world by 2030, growing at a pace of over 5% per year. Small and medium enterprises (SMEs) are the biggest contributors to this regional growth — they account for between 89% and 99%… Read More

Fintech Funding: 13 $100 Million+ Mega-Rounds worth $2.7 Billion (in total) Completed by Fintechs so far in 2021

Fintech Blooming

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

Southeast Asia Region Experienced Significant Digital Commerce Growth and Online Payments Adoption by Consumers: Report

Bhudda Temple Singapore Asia

The economies of Southeast Asian countries performed quite well in 2020 despite the COVID-19 outbreak and related challenges. The Asian Development Bank (ADB) has projected a contraction of 3.8% for the region during 2020, which doesn’t seem too bad when compared to the Eurozone’s at… Read More

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