What is MFast?
MFast operates as a comprehensive financial services provider in Vietnam, specializing in offering accessible loans and insurance products. The company aims to bridge the gap in financial inclusion by leveraging technology to deliver tailored solutions to its customer base. Its focus on both lending and insurance positions it uniquely to address a broad spectrum of financial needs within its operating region.
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 Headline, Krungsgri Finnovate, and Wavemaker Partners
Key Investors in MFast
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.
Wavemaker Partners
Wavemaker Ventures is a leading venture capital firm in Southeast Asia that specializes in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors. Since its inception in 2012, the firm has invested in over 200 companies, focusing on addressing significant regional challenges and generating positive social impact. With a total committed capital exceeding US$400 million, Wavemaker Ventures has achieved notable exits worth over US$2 billion in enterprise value. The firm aims to empower innovative startups that contribute to the UN Sustainable Development Goals and drive lasting change in their communities.
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. With a global presence and local expertise, JAFCO Asia aims to create enduring value and advance opportunities for its clients. The firm is involved in various sectors including technology, healthcare, and clean tech, adapting to the evolving market needs.
What's next for MFast?
The recent major enterprise-level funding, particularly the strategic investment received, indicates MFast's readiness to scale its operations and enhance its product offerings. This capital infusion is likely to fuel expansion into new markets, further development of its technological infrastructure, and strategic partnerships. The company is poised to solidify its position as a key player in Vietnam's burgeoning financial technology sector, with a clear path toward sustained growth and innovation.
See full MFast company page
