TheBank.vn secures Series A funding from CyberAgent Capital and NCore Ventures - Reuters

 

TheBank.vn secures Series A funding from CyberAgent Capital and NCore Ventures

TheBank.vn secures Series A funding from CyberAgent Capital and NCore Ventures

Tue Jan 29, 2019 - 08:12am UTC

TheBank Vn

29/1/2019 – The Vietnamese financial comparison platform has secured an undisclosed funding capital from Tokyo-headquartered CyberAgent Capital (formerly CyberAgent Ventures) and Korean investment firm NCore Ventures.

The company announces in a release that the proceedings will be used to further improve their service to help clients with making financial decisions based on their needs.

“We strive to understand the nature of customers to achieve the effectiveness of the service, so a quality connection is critical,” said General Director Nguyen Dat of SAMO Media and Tech.

Set up in 2014, TheBank.vn platform currently has 1,300 financial products and 24,000 active active registered financial experts. It also reported to have nearly reach 20 million visitors and have served more than 1 million customers.

TheBank’s platform provides free financial advice to consumers by comparing financial services such as credit cards, loans, savings and insurance.

Future services that will be implemented after the funding includes registration form for loan services, improved card opening process, customized aids in choosing insurance and financial products.

This is CyberAgent Capital’s first investment in Vietnam after a gap of inactivity “For the past two years, the fund focused on old deals and helped companies raise funding as well as exit. Now we will boost new investments,” Dzung Nguyen, CyberAgent Capital’s investment director in Vietnam and Thailand said.

“With the interest in experiential consumption in recent years, the potential of services in fintech companies is enormous. The key now is an extensive investment and right implementation,” said Dzung Nguyen.

Founded in 2017, the Korean investment firm NCore Ventures typically invests in early stages technology startups. It is owned by NPC, a plastic pallets manufacturer in Korea with sales and operations in Korea, Singapore, Vietnam, Thailand, Indonesia, China and USA.

This content is not produced by Reuters Editorial News. It is produced by VC NewsNetwork. For content enquiry, please reach us at

Latest News >

Vegan Discovery Platform Abilionveg raises $2 million Seed Funding led by 500 Startups

The vegan product review platform will use the capital funding to grow its community.

09:13am UTC

Singapore workforce management platform StaffAny raises Seed Funding

The startup was started as a school project and officially launched in early 2018. 

05:41am UTC

Singapore Budget Hotel Startup RedDoorz raises US$70 million in Series C funding

The capital will be used to gear up the startup in preparation to take on Indian rival Oyo, which is fast expanding in the region.

09:31am UTC

KiotViet secures US$6 million in Series A funding for expansion plans

The store management software firm has received backing from Jungle Ventures and Traveloka.

03:33am UTC

Singapore proptech startup REALly raises US$369K seed funding.

The Business Times first reported on the startup’s successful seed round funding on Tuesday.

07:19am UTC