Say hello to Fundiin. They're Vietnam's leading BNPL startup, and they've just raised a $5M Series A!

• They have over 300 partners with over 4,000 physical stores like Mobile World, Unilever, Reebok and Paula's Choice.
• They've grown users 5x and transactions 7x since their seed round last year.

Investor check. The round was co-led by Trihill Capital and ThinkZone Ventures. 1982 Ventures, Genesia Ventures, JAFCO Asia and Zone Startups Ventures also joined in!

• 👼🏻: Do Thu Ngan, ex-Deputy CEO, Sacombank and ex-CFO and COO, JP Morgan Chase Vietnam).

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🤨 Why it matters

Credit card penetration rates in Vietnam are only 5%! And since Fundiin is free for users to use with zero interest, it can be a better option than credit cards, traditional installments and e-wallets' lending products.

Win-win! Merchants and retailers earn more.

• Fundiin's partner retailers and platforms increased sales by up to 30%

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🤑 How it works

Just sign up on their app in a flash by just filling up their quick form and submitting 1 ID. Then, you can instantly start buying from your favorite brands!

Not just B2C! One of Fundiin's partner platforms is B2B e-commerce company Sapo, which allows business owners to choose Fundiin upon checkout for over 100,000 Sapo merchants.

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❓ What Fundiin offers?

They've got two BNPL installment products, allowing you to pay in three months or 30 days.

• Apart from these two, they have a third product that's different — recurring payments!

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🇮🇩 See you, Indonesia!

They'll be expanding even faster, growing their team, developing new products and safeguarding their leading position in Vietnam.

• They're also prepping to launch in Indonesia during their Series B!