Vietnam-focused investment app Infina boosts its seed round to $6M
- ByStartupStory | February 8, 2022
Retail investment applications in Southeast Asia pulled in a great deal of subsidizing last year, and the pattern looks set to go on with Vietnam-centered Infina reporting that it has added $4 million to its seed financing. Alongside the $2 million it declared in June, this carries the round’s total to $6 million.Financial backers incorporate Sequoia Capital India’s Surge program, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC and AppWorks.
Infina was essential for Y Combinator’s Summer 2021 companion and tried to turn into the “Robinhood of Vietnam.” It was sent off in January 2021. Like other Southeast Asian speculation applications that have drawn in funding throughout the most recent year (an incomplete rundown incorporate Indonesia’s Pluang, which as of late raised a $55 million follow-on to its Series B, Bibit, Ajaib, Pintu and Syfe), Infina is centered around first-time Gen Z and millennial financial backers.
More Vietnamese individuals started partaking in the securities exchange last year, driven to some degree by a leap in the market worth of public corporations. Infina says it saw a month to month development pace of 64% in financed accounts in 2021.
The application empowers financial backers to pick from a few resource classes, including fixed-pay items, shared assets and stock exchanging. It likewise offers fractionalized exchanging, and that implies clients can contribute with lower least sums. Part of the justification for Infina’s development is its combination of outsider super applications, including internet business application Tiki.
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