VayMượn
Vaymuon use AI or Bigdata to connect money borrowersautomatically, including individuals and micro SMEs with lenders.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
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VayMuon.vn operated as a peer-to-peer (P2P) lending platform in Vietnam, positioned to connect individual borrowers with investors. The company was founded by CEO Dao Thi Trang. The platform aimed to serve clients who are often underserved by traditional banks and financial institutions, providing a digital-first approach to personal finance.
The business model centered on facilitating unsecured personal loans through an online marketplace. VayMuon.vn utilized technology, including AI, for automated credit assessment and scoring, which allowed for rapid processing of loan applications without extensive paperwork or face-to-face meetings. The platform connected a large base of over 2 million customers with approximately 400,000 individual investors. Revenue was likely generated through fees associated with loan origination and servicing, a common practice for P2P platforms, though specific details on its revenue model are not publicly available. The company's name itself, a combination of the Vietnamese words for borrowing (vay) and (mượn), reflects the cultural practice of borrowing from various sources based on social trust and reputation.
In July 2019, VayMuon.vn announced the closing of a seed funding round from Nexttech Group, which acquired a 20% equity stake. The company also formed a strategic partnership with VietinBank Insurance (VBI) to offer insurance on loans, a key feature designed to mitigate risk for investors by covering loan repayments if a borrower encounters unforeseen circumstances. Following its seed round, VayMuon.vn had plans for a Series A funding round of $5 to $10 million to fuel expansion into other Southeast Asian markets, including Myanmar, Cambodia, and Thailand. However, according to PitchBook data, the company is now listed as out of business as of October 2023. The original website domain, vaymuon.vn, is now operated by a different entity for financial lead generation.
Keywords: P2P lending, fintech Vietnam, personal finance, online loans, credit scoring, investment platform, peer-to-peer finance, consumer lending, digital lending, Nexttech Group, Dao Thi Trang, VietinBank Insurance, financial technology, loan marketplace, alternative finance, startup Vietnam, credit marketplace, online investing, microloans, unsecured loans