What is MFast?
MFast is a Vietnam-based financial services provider specializing in loans and insurance. The company operates within the burgeoning fintech sector of Southeast Asia, aiming to streamline access to financial products for its target demographic. Its strategic positioning in Vietnam, a rapidly developing economy, suggests a focus on leveraging technology to bridge gaps in traditional financial services.
How much funding has MFast raised?
MFast has raised a total of $7.5M across 2 funding rounds:
Other Financing Round
$1.5M
Series A
$6M
Other Financing Round (2021): $1.5M with participation from JAFCO Asia and Do Ventures
Series A (2023): $6M led by Krungsgri Finnovate, Wavemaker Partners, and Headline
Key Investors in MFast
Wavemaker Partners
Wavemaker Partners is a leading early-stage venture capital firm in Southeast Asia, focusing on investments in Enterprise, Deep Tech, and Sustainability startups that address significant regional challenges. With over 200 companies in its portfolio and more than $500 million in assets under management, the firm aims to empower innovative solutions that contribute to the UN Sustainable Development Goals.
Headline
Founded in 1998, Headline is a venture capital firm that partners with fast-growing technology teams in key geographies to make their success global. Headlines Global Growth Fund invests globally from Series B and beyond. The size and locations of these funds allow the firm to see local trends up close, meet winning founders, and lead rounds at every stage.
JAFCO Asia
JAFCO Asia, soon to be rebranded as JIF Capital, specializes in venture capital investment across the Asia Pacific region, leveraging over 25 years of expertise. The company focuses on maximizing return on investment through dedicated business development and financial skills, catering to both investors and entrepreneurs.
What's next for MFast?
The recent Series A funding, alongside previous financing rounds, indicates MFast is in a scaling phase, likely focusing on expanding its product offerings, enhancing its technological infrastructure, and broadening its market reach within Vietnam and potentially other emerging markets. The involvement of strategic investors suggests a focus on growth and market penetration, with future developments likely centered on solidifying its position as a key player in the region's digital finance landscape.
See full MFast company page
