Full steam ahead as fintech fever grips Vietnam

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Hello there ,

Most of my work days begin with a barrage of fintech-related news. I couldn’t avoid it, even if I wanted to. Whether it's funding, mergers, or insolvency, the space is abuzz with interest. This is understandable given the countless consumer-facing apps that offer convenient financial solutions and seem to be appearing from thin air.

Fintech is often seen as a recent marriage of financial services and IT. That's what led me to assume that fintech came to the fore only in the early 2010s (how did I forget about ATMs? 🏧), along with the onset of the smartphone invasion of the world. In fact, fintech has evolved over three distinct time periods, dating all the way back to 1886.

With e-wallets apps across Southeast Asia grabbing most of the headlines, it is easy to forget just how broad and diverse the fintech sector is. Its sheer vastness also helps explain the flood of fintech news. Earned wage access, credit scoring, SME financing, digital lending, insurtech, personal finance, point-of-sale firms, and buy now, pay later all fall under the fintech umbrella.

As the benefits of fintech trickle deep into every Southeast Asian market, in our premium story today, we take a detailed look at the shifting landscape of Vietnam’s fintech sector, which attracted over half a billion dollars in investments last year.

-- Shravanth
 
 

THE BIG STORY

Why Vietnam’s fintech battleground is shifting gear
More than half a billion dollars was invested into the country’s fintech sector in 2021.

 

TRENDING NEWS

SG insurtech firm bags $4.3m in seed money
Cyber Sierra provides businesses cyber and technology insurance coverage of up to US$5 million.
India blacklists Garena’s Free Fire, 53 other apps on security concerns
In 2020, India also banned many popular Chinese apps, such as TikTok, Shein, WeChat, AliExpress, and PUBG Mobile.
A list of SEA’s unicorns and their early investors (Updated)
Southeast Asia has 46 unicorns, which also includes a number of decacorns – startups valued at U$10 billion or more, according to Tech in Asia’s analysis.
Temasek buys stake in Grab, Robinhood Markets, others
Temasek has also sold all of its shares in Uber, Coinbase Global, and Tencent Music Entertainment Group.
Temasek-backed foodtech firm bags $100m from Alpha JWC, others
Next Gen Foods will increase its R&D capabilities at its new research hub, set to open in Singapore later this year.
Google-backed Glance gets $200m series D money from Reliance’s Jio
Glance has two mobile platforms for Android devices focused on bringing internet and live-video experiences on locked mobile phone screens.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • *Event* [Workshop] How to protect your business from inflation on February 24th
    With global inflation rates being the highest they have been in decades, keeping profit margins healthy will be a challenge for startups.
    Join us on February 24 as Billy Naveed, the chief strategy officer at Smile Group, explains how startups should approach runway, burn, valuation, and fundraising in these times. Click here to reserve your seat.
  • Data-Driven Digital Products on February 25th
    Building digital products and services have become less intuition-based and more data-driven. On Feb 25, join product managers for a virtual webinar on how to create data-driven digital products. Attendance is complimentary, sign up here.
  • AWS SaaS Forum on March 8th
    Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



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