What is Fvndit?
Fvndit, Inc., pronounced "Fund it," operates as a California- and Vietnam-based fintech enterprise dedicated to resolving the working capital deficit faced by small and medium-sized enterprises (SMEs). The company's core mission involves re-architecting essential business funding mechanisms through technological innovation, aiming to simplify underwriting and financing processes for small businesses. Its operations are supported by a diverse team of engineers, designers, data scientists, and veterans from the trade finance and banking sectors, with a presence in both Irvine, CA, and Ho Chi Minh City, Vietnam. A key component of its strategy includes its wholly-owned subsidiary, eLoan, JSC, which manages an online peer-to-peer funding and investing marketplace within Vietnam, its primary local market.
How much funding has Fvndit raised?
Fvndit has raised a total of $30M across 1 funding round:
Debt
$30M
Debt (2020): $30M with participation from Accial Capital and Variant Investments
Key Investors in Fvndit
Accial Capital
Accial Capital is an investor that has participated in Fvndit's funding rounds. Further details on their specific investment focus are not provided.
Variant Investments
Variant Investments is an entity that has backed Fvndit. Information regarding their investment specialization or typical focus areas is not available.
What's next for Fvndit?
The substantial enterprise-level funding and recent strategic investment indicate that Fvndit is likely in a growth or scaling phase, poised to expand its technological solutions for SME working capital. This capital will probably be directed towards enhancing its platform, broadening its market reach, and potentially developing new financial products or services. The company's dual focus on technology-driven infrastructure and its operational marketplace in Vietnam suggests a strategy aimed at both innovation and market penetration. Future developments may involve further integration of its subsidiary's operations and expansion into new geographic regions or customer segments.
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