FINTECH CHALLENGE VIETNAM 2018 FINALISTS SHOWCASE
Peer-to-Peer (P2P) Lending
CONGRATULATIONS TO 2018 FINALISTS
The 16 Fintech Vietnam Challenge finalists are featured below!
They have been invited to participate in an exciting Showcase Day this month! The showcase will be followed by a six-week incubation and mentoring program culminating in an opportunity to demo their solutions at the 2018 Vietnam National Fintech Day!
ALTERNATIVE CIRCLE LIMITED
INSTAREM PTE LIMITED
Electronic Identification (eID) is a regulatory technology scaleup that has created VideoID, the European leading technology for VideoIDentification. VideoID combines video in streaming + artificial intelligence to give same level of technical security and legal compliance as face to face identification. VideoID allows financial institutions to onboard new customers in seconds being compliance with most stringent regulation for KYC/AML processes.
Vaymuon is the leading P2P lending company in Vietnam with a highly experienced management team in technology.
Vaymuon has facilitated lending in small loans, helping investors to earn profits for their idle cash. Via website, wap, app and Fanpage (“Vaymuon.vn”), Vaymuon has provided an intermediary service platform matching borrowers and lenders with small amount, short-term, quick turnaround, online lending, with no face-to-face meeting, no collateral, and disbursement within 30 minutes.
A main barrier to cashless payment in Vietnam is that there are too many issuers but lack of acceptance. VIMO is boosting acceptance through QR-Code mobile payments in combination with mobile banking apps. Chinese represent the #1 tourist group in Vietnam, and for these tourists, WechatPay and Alipay are the 2 most popular payment methods that they use in their home country. Neither of these platforms are available in Vietnam, which limits their spending while traveling to Vietnam. VIMO solves this by combining with WechatPay and Alipay to enable acceptance at merchants throughout Vietnam. Vietnam is also the #9 remittance market in the world but the market for remittances is dominated by slow and expensive traditional banking channels. VIMO is now the largest non-bank fintech player for inbound remittance in Vietnam.
*The finalists are listed in alphabetical order by name