2021 was a successful year for fintech when it was welcomed by local users amid the COVID-19 pandemic along with a strong wave of investment.

According to the Fintech in ASEAN 2021 report from the United Overseas Bank (UOB), PwC Singapore and Singapore Fintech Association, Vietnamese fintech companies raised US $375 million in the first nine months of 2021, ranking third in Southeast Asia, only after Singapore and Indonesia.

Fintech News Singapore recently selected five outstanding early-stage fintech startups in Vietnam, which were established in the past three years. These startups successfully raised capital from many famous investors within the past one year.

Launched in January 2021, Infina is an investment app that aims to become the "Robinhood of Vietnam".

With partners such as Dragon Capital, ACB Capital, Mirae Asset Fund Management, and Viet Capital Asset Management, Infina allows investors to choose from a variety of asset types and can invest with little money from $0.5 for stocks and $4 for fund investments.

According to Infina, its monthly growth in the number of investment accounts reached 64% in 2021. Currently, this startup is serving "tens of thousands of users". Infina has successfully raised $6 million in the seed round. This money is used to promote growth and expand the product portfolio.

AnFin is also another stock investment application that has attracted a lot of attention in Vietnam. AnFin allows investors to start investing with as little as $0.5. Currently, this startup has about 150 stock codes along with a number of other features such as portfolio management, news updates and a knowledge center.

AnFin was founded in 2021 and has successfully raised capital from many investors such as Global Founders Capital (GFC), First Check Ventures, and R2 Venture Partners. Recently, AnFin received an additional $1.2 million to further develop its investment platform.

Nano Technologies is the startup behind Vui, an application that allows workers in Vietnam to use a salary advance service.

Mr. Dzung Dang, co-founder of Nano Technologies, said in May 2021 that Vui is designed for workers in many different fields with a monthly income of less than VND15 million.

Within six months of its operation, Vui had 20,000 employees from companies such as GS25, LanChi Mart and Annam Gourmet. The company says that 50% and 60% of employees signed up for Vui's services shortly after their company introduced them. Users tend to use Vui about three times per month for salary advance.

Founded in 2020, Nano Technologies successfully raised $3 million in seed funding last year.

Similar to Vui, Gimo also provides a payroll service for workers with the ability to directly integrate with the employer’s payroll system. Gimo also allows users to track the number of working days, daily income in real time along with receiving personal financial shares.

Gimo was established in 2019 but it was not officially put into service until early 2021. As of November 2021, Gimo provided services to more than 25,000 employees, mainly in the manufacturing and retail industries. Gimo has a growth rate of 130% per month.

Last year, Gimo successfully raised $1.9 million capital. This money is used to integrate advanced technologies such as data analytics and artificial intelligence to improve user experience, recruit senior engineers and strengthen risk management capabilities.

Bizzi is an accounting automation application with the goal of simplifying and digitizing financial activities of businesses. Bizzi has compatibility with many accounting software. It also uses technologies like robotic process automation (RPA) and machine learning to automate many processes like bill payment and receipt scanning.

Bizzi claims that its solutions reduced invoice processing time by up to 80% and associated costs by 50% while enhancing transparency and tax administration.

Founded in 2019, Bizzi said it is processing a total monthly invoice value of up to $300 million. This company has more than 100 major customers such as Grab, GS25, Circle K, Tiki and more than 4,000 contractors using this platform daily.

Bizzi successfully raised $3 million in the pre-series A round in October 2021. The funding is being used to improve product features and expand its customer network outside Southeast Asia.

Le Ha