Fintech startup Fundiin would use the money recently raised from the series A funding round co-led by Trihill Capital and ThinkZone Ventures to expand at a faster pace, invest in the development of new products, as well as attract top talents before expanding to Indonesia in the upcoming series B round.
H.C. Starck Tungsten Powders (HCS), a wholly owned subsidiary of Masan High Tech Materials, announced to invest $53 million into Nyobolt Limited, a fast-charging Li-ion battery solutions company.
With the 6-digit investment from TheVentures (South Korea), Tubudd, a Vietnamese startup connecting international travelers to buddies, decided to rebrand with a new goal and mission.
After the situation with Leflair’s bankruptcy spiraled down, it took almost a year for the startup to exit and be acquired by SoPa. But giving up wasn’t part of the option.
VinCSS LLC, a cybersecurity startup under Vietnam’s largest private conglomerate Vingroup announced it has joined the FIDO Alliance. VinCSS provides robust solutions for strong authentication by leveraging open authentication standards that eliminate the reliance on passwords enable secured utilization of FIDO2 standard.
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 technology holding company is leading a group investment in local social e-commerce platform Ecomobi in a bid to help the startup reach further into the region.
The Vietnamese education startup has raised $4 million in Series B round of funding led by Hong Kong-based investment firm Hendale Capital, together with Viet Capital Ventures and Southeast Asian-focused investor Nullabor.
Tiki Investment, a subsidiary of Tiki, has bought over local ticketing startup Ticketbox, as part of an attempt to build an ‘all in one’ e-commerce ecosystem in Vietnam.
KiotViet, a store management software developed by local startup Citigo, has secured $6 million in series A financing from Singapore-based venture capital firm Jungle Ventures and Jakarta-headquartered airline and hotel booking services provider Traveloka.
The technology holding company of VinaCapital has announced that it has made an investment in logistics software startup An Vui, targeting at making Vietnam’s ground passenger transport system more efficient.
It is totally normal for startup businesses to make losses in the early years, as long as investors see a light at the end of the tunnel for these to reach profitability at a point in the future.
Venture capital is marching boldly into Vietnam’s startup scene with certain investment deals have just been inked and others are in the final stages of discussing and negotiating, hoping to ultimately seal within the course of 2019.
