Southeast Asia

Access to credit is still one of the greatest obstacles to the growth of small and medium-sized enterprises (SMEs) in Vietnam, where only 39% of the SMEs have bank loans.

“Vietnam is an example of a market where you can still buy Digiworld — which grew its profit after tax by 55% in the first half of 2020 over the past year.”

Evo develops software to help influencers and livestreamers drive more purchases.

Since its launch in 2012, e-wallet platform MoMo has amassed 20 million users, or about 21% of Vietnam’s population.

Vietnam’s P2P market is estimated to be worth USD 7.8 billion in 2020, almost doubling from USD 4.4 billion in 2017, while currently there are over 40 P2P lenders operating in Vietnam. 

Last year, the startup snagged USD 10 million from Vertex Ventures Southeast Asia and India in February, followed by another USD 11 million funds raised from Quona Capital in December.

JazzyPay is currently targeting underserved businesses in the Philippines, primarily hospitals, schools, clinics, and medical suppliers.

The co-living startup has nearly 10,000 rooms across 12 cities in Indonesia.