Kim An Group, which runs a fintech platform under the same brand in Vietnam, has received an undisclosed sum in Series A investment from Patamar Capital, Viet Capital Ventures and East Ventures.
The proceeds from this round will be used to develop Kin An’s core technology, optimise its credit scoring platform and better connect customers to financial institutions in Vietnam, it said in a statement.
Kim An connects banks and financial companies in Vietnam with local micro, small and medium enterprises (MSMEs) through an online platform as well as its 80-plus branches nationwide.
Additionally, Kim An Group has signed partnerships with Nam A Bank and FE Credit to expand the scope of co-operation and develop consumer loans for individual customers, household business, and micro enterprises.
Binh Duc Hanh, Chief Sale Officer of Kim An Group, said: “After nearly two years of partnership with financial institutions, more than 25,000 loans have been disbursed to customers through Kim An Group. We aim to help accelerate financial inclusion in Vietnam by being extended technological arms of credit institution to bring their best products and services to customers.”
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