August 29

MFast Gets Backing from Wavemaker Partners to Increase Financial Services Access in Vietnam

The majority of Vietnam’s population live in rural areas and often lack access to financial services because banks and other institutions open most of their physical locations in cities. MFast wants to change that with what it says is the leading financial services distribution network in Vietnam. The company announced today it has raised $6 million in its Series A funding round, led by Wavemaker Partners. The round also got participation from new investors Finnoventure Fund I (managed by Krungsri Innovate) and Headline Asia, alongside returning backers Do Ventures, JAFCO Asia and Ascend Vietnam Ventures.


Photo via truk.


Source: TechCrunch (link opens in a new window)

Finance, Investing, Technology
digital finance, financial inclusion, fintech