With global capital markets facing macro uncertainties, Vietnam is also showing signs of an overall slowdown. Despite this, the number of stock broker accounts opened by citizens of the social republic state is still growing nonstop, almost doubling from last year. This is the beauty of emerging markets where organic demand is still way underserved. No storm can stop people from wanting more services and products amid surging GDP growth, projected to increase 6.5% in 2023. FinTech and WealthTech startups are key on-ramps for newly minted mid-and-affluent class savers and investors, bringing abundance and access to the broader mass market.
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Editor’s note: AppWorks is proud to be participating in Infina’s Series Seed. Looking forward to collaborating with the team in the future. The press release from Infina as below: ・The funding round included Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, AppWorks, alongside investors who have invested in Robinhood, Coinbase, and similar models in other markets. ・Infina, dubbed the “Robinhood of Vietnam” aims to democratize investing in Vietnam, making it easy for anyone to start investing from just US$22 with minimal risk. Vietnam-focused retail investing app Infina today announced they have closed US$6 million in seed funding from investors such as Sequoia Capital India’s Surge, Y Combinator, … read more
Jun Wakabayashi, Analyst (若林純 / 分析師) Jun is an Analyst covering both AppWorks Accelerator and Greater Southeast Asia. Born and bred in America, Jun brings a wealth of international experience to AppWorks. He spent the last several years before joining AppWorks working for Focus Reports, where he conducted sector-based market research and interviewed high-level government leaders and industry executives across the globe. He’s now lived in 7 countries outside US and Taiwan, while traveling to upwards of 50 for leisure, collectively highlighting his unique propensity for cross-cultural immersion and international business. Jun received his Bachelors in Finance from New York University’s Stern School of Business. Founded in 2009, AppWorks is … read more
David Wu, Associate (吳戴文 / 投資經理) David is an Associate mainly focused on investments. He previously lived in the US, but was drawn to the Greater Southeast Asia region by the growth opportunities and the wonderful people here. He spent the first five years of his career as a consultant at IBM, where he became intimately familiar with the enterprise software and services needs of Fortune 500 companies. Later, he focused on building predictive models and solving optimization problems for large companies, and gained an appreciation for the role of data and algorithms in our lives. He joined AppWorks in 2020 after receiving his MBA from Columbia Business School, and … read more
Editor’s note: AppWorks is proud to be participating in Pace’s Series A. Together with our founder community with more than 400 startups, we’d be helping team Pace paving their way to enter Taiwan market. The press release from Pace as below: ・Series A investors include Japan’s Marubeni Ventures, South Korea’s Atinum Partners, Taiwan’s AppWorks, Indonesia’s Alpha JWC, and Singapore’s UOB Venture Management, Vertex Ventures Southeast Asia, and Genesis Alternative Ventures ・Funding from local investors supports and strengthens Pace to forge ahead with its expansionary plans to Japan, Korea, and Taiwan ・Pace took only a year to grow into a Pan-Asian BNPL provider and is on track to hit Gross Merchandise … read more
