A look at ten VC firms in Vietnam that are helping shape the domestic fintech market and which are still actively looking for investment opportunities in the sector.
As fintech continues to pick up to steam in Vietnam, we look today at the investors supporting that momentum. For this list, we’ve selected eight of the most active investors in the Vietnamese fintech sector, looking at the startups they’re betting on.
Tuesday, January 19, 2021, 11:25 GMT+7
A woman uses Vietnam-based live video-streaming platform GoStream in this supplied photo.
Vietnam-based live video-streaming platform GoStream announced that VinaCapital Ventures has invested US$1 million in the company to help it expand its business.
Launched in 2017, GoStream is a multi-platform livestream broadcaster for social sellers, marketers, and content creators.
It enables users to reach a larger audience from different platforms to increase visibility and get more views.
Currently, the platform claims to facilitate over 100,000 livestreaming sessions daily and also serve corporate clients.
In 2019, GoStream was listed by Facebook as one of the 30 most used livestreaming platforms in the world for 30 days.
Expanding digital-only lenders open up framework questions 15:39 | 07/01/2021
Expanding digital-only lenders open up framework questions, illustration photo
Digital-only group TNEX, in partnership with Vietnamese lender Vietnam Maritime Bank (MSB), is boasting about its service speed as a core component of its business. It takes just a few minutes to register, and new customers will immediately receive a free-for-life revolutionary bank account and virtual debit card with virtual TNEX Blue Card within 24 hours.
According to Bryan Carroll, TNEX CEO and also chief digital officer at MSB, TNEX is the first cloud-based bank in Vietnam where everything is open source.
TNEX leverages user data analytics, AI, and machine learning for event streaming, and also a number of Amazon tools. It will also shortly move to utilising facial recognition.
Retailers adapting to new behaviours 10:00 | 17/12/2020
Retailers adapting to new behaviours-illustration photo
At the end of November, South Korea-based convenience chain GS25 announced installation of facial payment Facepay into 25 of its 80 stores, before extending the service to the whole chain. Facepay has been developed by Wee Digital, a digital identity technology startup.
The installation of Facepay is part of GS25âs strategy to scale up its presence to open about 500 more stores by 2025, increasing its competitiveness with other convenience store operators in the country.
Both the founder of Wee Digital, Christian Nguyen, and Mai Thuy Nhan, CEO of GS25 Vietnam, believe that the payment technology of Wee Digital will bring an interesting experience for customers, especially young ones who use e-wallets such as ZaloPay, VNPAY, or MoMo.