Vietnam
‘Robinhood of Vietnam’ Infina raises $2M in oversubscribed Seed round
The startup seeks to tap into a growing opportunity in the retail investing space in Vietnam. The country of 97 million population has more than 75 percent internet users transacting money digitally, but only roughly 3.14 million--or 3.2 percent of the population-- investing in securities.
How much does it cost to hire an app developer in Vietnam vs. Singapore?
Vietnam is well known for being one of the best offshoring destinations for its affordable but wide tech talent pool.
With 407M fans and 52B annual views on its belt, POPS Worldwide seeks to raise $50M Series D for regional expansion
The company is targeting to start its fundraising for its Series D within the year with a target of $50 million. POPS Worldwide shared that it plans to use the projected amount to “further innovate, grow and expand across Southeast Asia, starting with the Philippines, as well as go deeper into Indonesia where the company is seeing impressive traction.”
Promoting breakthrough scientific research and technological innovations [Q&A with Vingroup’s Dr. Le Mai Lan]
The VinFuture prize award ceremony will be a festival honoring not only outstanding academic work but also promoting excellent research and inventions that bring the best and most practical values to humans.
Vietnam’s Touchstone Partners announces first close of inaugural $50M VC fund to invest in local startups
Touchstone Partners has announced the first close of its inaugural $50 million venture capital fund. The fund is backed by New York-based Pavilion Capital, Vulcan Capital, and several other investors and family offices.
China’s Black Lake continues to digitize industrial China and APAC with $77M Series C
Black Lake plans to use its fresh capital to invest in product development, manpower, market expansion, and creating an open platform for third-party partners. The company also plans to leverage its latest partnership with the Singaporean Temasek Holdings to further penetrate the Southeast Asian market, specifically in Vietnam and Malaysia.
Vietnam’s most widely used e-wallet app MoMo secures at least $100M in Series D
M-Service, the company responsible for operating Vietnam’s most popular e-wallet service MoMo, has secured at least $100 million in a Series D funding round. This is the most recent new capital infusion for the company since it closed its Series C in 2019.
Vietnamese billionaire launches VinFuture Prize to support R&D and tech innovations, pledges $4.5M annual funding
VinFuture Foundation, a charitable trust associated with one of the biggest conglomerates in Southeast Asia, Vingroup, has officially launched The VinFuture Prize on December 20, 2020 coinciding with the celebration of the International Solidarity Day.
E-commerce marketing startup Epsilo raises $2M from a funding round led by Sequoia’s Surge 4
End-to-end e-commerce marketing company Epsilo recently completed a $2 million funding round. Almost all of this new capital injection was provided by Surge, Sequoia India’s scale-up program established to help startups in India and Southeast Asia.
