Launching a business accelerator programme at this point in time seems to be the right move for FE Credit as it seeks to reach deeper into remote and far away areas in Vietnam. How talented fintechs can help the consumer finance company elevate further is now explained by Basker Rangachari, Chief Marketing Officer of FE Credit.
The amount will be spent over the next five years to help the multi-service super app tap opportunities in fintech, mobility solutions and logistics in Vietnam.
The Seoul-based financial solutions provider is going to spend the fund on Vietnam’s integrated POS infrastructure, paving the way for other Korean investors to invest in the fintech field in the country.
Lotte Card is going to focus on developing non-cash consumer finance and applying financial technology, commonly known as fintech or findata in Vietnam.
The number of startups invested doubled after one year, reaching 92 enterprises.
The first-ever Fintech Challenge Viet Nam was officially launched today at the State Bank of Viet Nam (SBV) with the support of the Mekong Business Initiative, a program funded by the Government of Australia and the Asian Development Bank (ADB) and sponsored by the Viet Nam Bankers Association and the Viet Nam Fintech Club.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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