Vietnam’s digital investment platform Finhay has secured a US$25 million in a Series B funding round co-led by Openspace Ventures and VIG.
Other participants in the funding round include Insignia, TVS, Headline, TNBAura and IVC.
Finhay said that the new capital will be used to invest in strategic business expansion, talent acquisition and technology development.
Alongside this fundraising, Finhay has bolstered its position with the acquisition of a securities brokerage, making it a licensed digital investment platform in Vietnam.
Finhay has already doubled its team size in the past year, with 50 new employees joining the business, and has also partnered with more than 50 of Vietnam’s financial institutions, including domestic and international banks, investment funds and fintech businesses.
“We are thrilled to welcome Openspace, VIG and other investors, and look forward to how their funding and understanding of Southeast Asian fintechs helps accelerate Finhay’s growth.
A large number of people are now looking for ways to start investing – often for the first time, and we are exploring different ways to enable them. It’s such an important inflection point”
said Huy Nghiem, CEO and Founder of Finhay.
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- CEO and Founder
- Financial institutions
- first time
- strategic business
- Technology Development