Investment Platform Finhay Raises $25 Million in Series B Round

Finhay, a Vietnamese digital investment platform, announced on Wednesday that it had secured a $25 million Series B round led by Openspace Ventures and VIG.

According to the press release, the funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term included firms like Insignia, TVS, Headline, TNBAura and IVC. Investments in technology development, talent acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term and strategic business expansion will be made with the new capital.

“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,” Huy Nghiem, the Chief Executive Officer and Founder of Finhay, commented.

Finhay was founded in 2017 to provide Vietnamese consumers with digital access to financial services. With more than 2.7 million users, it is a licensed brokerage company and an online investment platform in Vietnam.

“A decade ago, we invested successfully in a traditional brokerage that expanded online, and today, we are excited to invest in a digital native investment platform that has acquired a traditional brokerage. We have worked closely with Finhay’s local investors in a number of deals and look forward to collaborating with its international investors and management to accelerate its industry leadership,” Viet Nguyen, the VI Group Director, pointed out.

Infina's Funding Round

Infina, a retail investing app based in Vietnam, raised $6 million in February from Sequoia Capital India’s Surge, Saison Capital, Y Combinator, Alpha JWC, Starling Ventures and AppWorks. As well as Coinbase and Robinhood, angel investors from other markets participated in the seed round. To accelerate its business growth, Infina plans to use the funding to hire more employees and scale up its technology.