What is Fvndit?
Fvndit, Inc., pronounced like "Fund it," is a California- and Vietnam-based fintech enterprise focused on resolving the working capital deficit for Small and Medium-sized Enterprises (SMEs) through technological innovation. The company's team comprises seasoned engineers, designers, data scientists, and veterans from the trade finance and banking sectors, operating across Irvine, CA, and Ho Chi Minh City, Vietnam. By re-architecting core components of the business funding framework, Fvndit aims to deliver underwriting and financing processes that are seamless for small businesses. Its wholly-owned subsidiary, eLoan, JSC, operates a local online peer-to-peer funding and investing marketplace in Vietnam, serving as a key operational hub.
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 participating in this funding round. Further details on their investment focus are not available.
Variant Investments
Variant Investments is an investor participating in this funding round. Further details on their investment focus are not available.
What's next for Fvndit?
The recent major strategic investment, alongside the company's overall enterprise-level funding context, suggests Fvndit is poised for significant scaling and market expansion. This capital infusion is likely to accelerate product development, enhance its technological infrastructure, and broaden its reach within the SME financing sector. The company's focus on rebuilding funding infrastructure and its operational presence in both the US and Vietnam indicate a strategic approach to capturing a substantial share of the global SME working capital market.
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