Vietnam’s Wee Digital Raises Funding from Intervest, Vinacapital Ventures

Vietnam’s Wee Digital Raises Funding from Intervest, Vinacapital Ventures

Vietnam-based fintech startup Wee Digital has raised a seven-digit US dollar amount from South Korean VC firm InterVest and existing backer VinaCapital Ventures, according to an announcement.

Wee Digital said it will use the proceeds from the funding to expand its operations across Vietnam.

Founded in May 2018, the company uses biometrics and AI to verify and authenticate transactions. It claims to allow users to make payments within 5 seconds while experiencing a higher level of security by using a combination of face recognition, fingerprint recognition and PIN.

In the coming months, Wee Digital will focus on partnering with banking clients in applying biometrics solutions to their banking services to enhance the banking experience for consumers, the startup said.

It has also built Facepay, a product for retailers to integrate with their POS system.

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