Tiger Financial Corporation invests 5 million USD in fintech development in Vietnam

The investment is aimed at supporting the development of the innovation startup ecosystem in Vietnam, signaling a strong belief in Vietnam’s economic potential, particularly in fintech and digital innovation.

Mr. Nebil Ben Aissa, Chairman of Tiger Financial Corporation, said “We believe Vietpay will emerge as a leading fintech company in the region. Vietnam offers a favorable legal landscape, a young and tech-savvy population, and a vibrant SME community—making it an ideal environment for fintech innovation.”

Vietpay Technology is currently focused on developing digital banking services and modern payment solutions tailored for SMEs in Vietnam and Southeast Asia. The fresh capital will be used to scale up its technological infrastructure, enhance R&D capabilities, and broaden its digital financial service offerings.

Vietnam’s fintech industry is rapidly gaining traction among global investors, particularly those from the US. According to The Fintech Times, Vietnam’s digital economy is projected to be valued at 18 billion USD by the end of 2024, with expectations to surge to 45 billion USD in 2025.