GIMO

Vietnamese Fintech Gimo Secures $17m in Series A Funding

Gimo, a Vietnamese fintech company that provides financial services to small businesses, has secured $17 million in Series A funding. The round was led by 500 Startups, with participation from Vertex Ventures Southeast Asia and India, Insignia Ventures Partners, and FEBE Ventures.

Gimo was founded in 2020 by a team of experienced entrepreneurs with a deep understanding of the Vietnamese market. The company’s platform provides small businesses with access to a variety of financial services, including loans, business accounts, and insurance. Gimo’s services are designed to help small businesses grow and succeed.

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The latest funding will be used to expand Gimo’s product offering and to grow its customer base. Gimo is also planning to use the funding to expand its team and to build a stronger brand.

“We are excited to partner with 500 Startups and other leading investors to help Gimo grow,” said Nguyen Hoang, CEO of Gimo. “We believe that there is a huge opportunity to help small businesses in Vietnam grow and succeed, and we are committed to providing them with the financial services they need to succeed.”

“We are impressed by Gimo’s team and its product,” said Jeffrey Paine, Managing Partner of 500 Startups. “We believe that Gimo is well-positioned to become a leading provider of financial services to small businesses in Vietnam.”

The funding in Gimo is a sign of the growing interest in the Vietnamese fintech market. The Vietnamese fintech market is a large and growing market, and there is a growing demand for financial services that are tailored to the needs of small businesses. Gimo is well-positioned to capitalize on this demand, and the funding from 500 Startups and other investors will help the company to achieve its growth goals.

Here are some of the key facts about Gimo:

  • Founded in 2020
  • Headquarters in Ho Chi Minh City, Vietnam
  • CEO: Nguyen Hoang
  • Investment focus: Financial services for small businesses
  • Target sectors: Small businesses in Vietnam
  • Track record: Raised $17 million in Series A funding in 2023

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