Vietnam-based fintech firm Finhay raises US$1M from Insignia Ventures Partner
Finhay, a Vietnamese fintech firm that allows customers to invest as little as VNĐ50,000 (slightly more than US$2), announced that it has raised nearly US$1 million from Singapore-based Insignia Venture Partners and other investors.
“With new capital of nearly US$1 million, Finhay will focus on user growth this year as well as looking for talent to join the team,” Finhay’s founder and CEO Nghiêm Xuân Huy shared in official statement published by Viet Nam News.
Finhay was established in 2017 as a micro-investment platform targeted at millennials. It allows customers to start investing with as little as VNĐ50,000, or slightly more than US$2, in mutual funds in Việt Nam upon Finhay’s investment portfolio and related risk assessment recommendation based on the applicants’ information.
Besides the main investor Insignia Venture Partners, Finhay also received seed round investment funds from Hong Kong and the US.