[ad_1]
Retail funding apps in Southeast Asia attracted a number of funding final yr, and the pattern appears to be like set to proceed with Vietnam-focused Infina asserting that it has added $4 million to its seed funding. Together with the $2 million it introduced in June, this brings the spherical’s whole to $6 million.
Traders embody Sequoia Capital India’s Surge program, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC and AppWorks.
Infina was a part of Y Combinator’s Summer season 2021 cohort and aspires to turn out to be the “Robinhood of Vietnam.” It launched in January 2021.
Like different Southeast Asian funding apps which have attracted enterprise capital over the previous yr (a partial record contains Indonesia’s Pluang, which just lately raised a $55 million follow-on to its Sequence B, Bibit, Ajaib, Pintu and Syfe), Infina is targeted on first-time Gen Z and millennial traders.
Extra Vietnamese folks started taking part within the inventory market final yr, pushed partly by a leap available in the market worth of publicly traded corporations. Infina says it noticed a compound month-to-month development price of 64% in funded accounts in 2021.
The app allows traders to select from a number of asset courses, together with fixed-income merchandise, mutual funds and inventory buying and selling. It additionally affords fractionalized buying and selling, which suggests customers can make investments with decrease minimal quantities. A part of the rationale for Infina’s development is its integration in third-party tremendous apps, together with e-commerce app Tiki.
[ad_2]
Source link
