Fundiin announced it has closed its Series A round led by ThinkZone Ventures – Trihill Capital after raising $5 million. Quick exchange, Fundiin shared about his cherished in the coming time
This round was led by ThinkZone Ventures – Trihill Capital; with continued support from funds 1982 Ventures, Genesia Ventures, JAFCO Asia, Zone Startups Ventures; and Ms. Do Thu Ngan, former Deputy General Director of Sacombank and former Head of Finance & Operations JP Morgan Chase Vietnam.
Known as a pioneer in providing “buy first, pay later” solutions in Vietnam, Fundiin helps retail partners and e-commerce sites increase sales by up to 30%, through allowing consumers to consume first and pay later easily – conveniently Fundiin currently has 3 interest-free and interest-free BNPL products including: 3 monthly postpaid, 30 day postpaid and Fixed payment automatic period.
Share from Fundiin said, “This money will be used to expand at a faster rate, invest in the development of new products, as well as attract talented personnel before expanding to Indonesia in the series round. B is coming.”
Currently, Fundiin has cooperated with more than 300 partners, as well as more than 4000 business locations, including big names such as TGDD, DMX, Unilever, Galaxy Play, Reebok, Paula’s Choice, Pigeon, King Mattress, Giant International… Thanks to that, Fundiin was able to increase the total number of users by more than 5 times, the total transactions to more than 7 times compared to the funding round 1 year ago.
Vietnam is currently a potential market for BNPL (buy first, pay later) and BNPL is an important key to promoting financial inclusion, contributing to preventing black credit.