Singapore-based venture capitalist Golden Gate Ventures and Gentree Fund led the oversubscribed seed financing round.
Golden Gate Ventures has interests in digital leaders Omise, Codapay, BukuWarung, Stripe, and Xendit, while Gentree Fund is a private investment vehicle of the Sy Family, which owns Filipino conglomerate SM Group.
Among other foreign investors that participated in the seed funding round are Tribe Capital, Broadhaven Ventures, 1982 Ventures, Saison Capital, and Razorpay, Rohit Mulani of GoTrade, and Abhinay Peddisetty and Chinmay Chauhan of BukuWarung.
Goodwater Capital, which has invested in Facebook, Spotify, and Twitter, also supported the funding exercise.
Locally, NextPay’s seed funding was backed by Kickstart Ventures of the Ayala Group, Foxmont Capital, and First Asia Ventures, as well as angel investor Lisa Gokongwei of JG Summit.
VIETNAM BUSINESS NEWS JULY 27
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VN may be top 3rd SEA start-up ecosystem
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VIETNAM BUSINESS NEWS JULY 19 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/07/2021 09:28 GMT+7
Shares to move sideways with low liquidity
The market will continue to move sideways this week with low liquidity to gradually form a strong enough accumulation base before returning to the uptrend, analysts said.
The VN-Index was maintaining the recovery span from the support area of 1,286-1,261 points with low liquidity, which was a typical sign for an accumulation period, said analysts from SSI Securities Joint Stock Company (SSI).
“The current bottom-fishing demand is still weak, so it was likely that the VN-Index will continue to move sideways with low liquidity,” they said.
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18/07/2021 11:09 GMT+7
Over 425 million tonnes of cargo handled at seaports in seven months
The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of 2021. (Photo: VNA)
The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of2021, up 6 percent over the same period last year, according to the Vietnam Maritime Administration (VMA).
Of the figure, export cargo hit over 106 million tonnes, a year-on-yearincrease of 9 percent, while import cargo stood at roughly 133 million tonnes,up 2 percent. The handling of domestic goods neared 184 million tonnes, up 7percent year-on-year.