Singapore GIC & SoftBank Vision Fund to Sell Stakes in Vietnam Fintech Firm VNLife at $1 Billion Valuation, Raised $250 Million in Series B Funding in 2021, VNLife Founded in 2007 by Tri Manh Tran & Mai Thanh Binh, Investors Include General Atlantic, Dragoneer Investment Group, PayPal Ventures, EDBI, GIC & SoftBank Vision
9th September | Hong Kong
Singapore GIC & SoftBank Vision Fund have been reported to be reviewing to sell their stakes in Vietnam fintech firm VNLife at more than $1 billion valuation. VNLife raised $250 million in Series B funding in 2021. VNLife was founded in 2007 by Tri Manh Tran & Mai Thanh Binh. VNLife investors include General Atlantic, Dragoneer Investment Group, PayPal Ventures, EDBI, GIC & SoftBank Vision. VNLife – Started since 2007, VNLIFE is a diverse ecosystem comprising of leading companies driving transformations in both traditional and growing demand sectors in the economy such as tourism, logistics, commerce, and constantly expanding its presence beyond Viet Nam to Singapore, Myanmar and Cambodia. Fin-tech VNPAY is the current forerunner of VNLIFE’s subsidiaries. VNPAY is the leading Vietnamese digital payment firm, and also the pioneer of offering QR code payment in the country. VNPAY currently provides electronic payment services to more than 40 banks, 5 telecommunications companies and 20,000 businesses. VNPAY ecosystem itself has a wide portfolio of systems and services ranging from banking services (QR-Code payment gateway which connecting business units to the bank), financial services (VnMart e-wallet, VnPayBill bill payment, VnTopup phone credit recharge), to e-commerce websites (Vban.vn) and flight booking service (VnTicket). VNLIFE’s mission statement is to become the enabler to startups in terms of technical expertise, business guidance, building networks and capital so to provide these startups unprecedented opportunity not only to grow their products & services in the domestic market but also to compete in the global arena. With the strong backing from seasoned and world-class investors (GIC and Softbank Vision Fund), VNLIFE is confident in equipping its startups to soar and reach greater height.
“ Singapore GIC & SoftBank Vision Fund to Sell Stakes in Vietnam Fintech Firm VNLife at $1 Billion Valuation, Raised $250 Million in Series B Funding in 2021, VNLife Founded in 2007 by Tri Manh Tran & Mai Thanh Binh, Investors Include General Atlantic, Dragoneer Investment Group, PayPal Ventures, EDBI, GIC & SoftBank Vision “
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Singapore GIC & SoftBank Vision Fund to Sell Stakes in Vietnam Fintech Firm VNLife at $1 Billion Valuation, Raised $250 Million in Series B Funding in 2021, VNLife Founded in 2007 by Tri Manh Tran & Mai Thanh Binh, Investors Include General Atlantic, Dragoneer Investment Group, PayPal Ventures, EDBI, GIC & SoftBank Vision
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