# Finhay Vietnam Joint Stock Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finhay-vietnam-joint-stock-company

- Industry: Financial Services
- Headquarters: Hanoi, Vietnam
- Website: www.finhay.com.vn
- Total disclosed funding: $26M
- Latest round: Series B (May 6, 2022)
- Investors on record: 8

## About

Finhay Vietnam Joint Stock Company is a financial technology firm based in Vietnam that facilitates access to various investment products, enhancing the financial literacy and asset management of individual consumers.Founded in 2017 and headquartered in Hanoi, Vietnam, Finhay Vietnam Joint Stock Company operates in the financial technology sector, focusing on digital investment solutions. The company has engaged in 6 significant deals, with the most recent being a SERIES B funding round in May 2022, during which it raised USD 25.000 mn from investors such as Openspace, Vietnam Investments Group, and others. The firm is co-founded by Huy Nghiem and Minh Tri, with Nghiem Huy serving as the CEO.Finhay specializes in providing financial technology solutions that simplify access to various financial products for individual consumers. Key offerings include investment services in securities, mutual fund certificates, and bonds, facilitated through its subsidiary, Vina Securities Joint Stock Company (VNSC). The company also offers HayInsights, an AI-driven data platform that delivers tailored financial data, including services aimed at the Japanese market. Finhay empowers over 3 million clients by enhancing their understanding of financial products and facilitating smarter asset management.In 2023, Finhay reported a revenue of USD 322,641.80, along with an EBITDA amounting to USD -2,167,572.60. The company's revenue model is primarily based on subscription services and direct client transactions associated with investment products, ensuring alignment with industry standards for brokerage services.Following a SERIES B funding round in May 2022, where Finhay raised USD 25.000 mn, the company plans to leverage this capital to acquire new talent, enhance its technology, and expand its operations. Future growth strategies include the launch of new products and services aimed at meeting the evolving needs of consumers. The firm is also targeting expansion into new markets, particularly in Asia, by 2024, in pursuit of enhancing its footprint in the financial technology landscape.

## Funding rounds

- Series B, May 6, 2022, $25M — Headline, Vietnam Investments Group, Insignia Ventures Partners, Openspace Capital, Thien Viet Securities JSC, TNB Aura, Infinity Ventures Crypto
- Seed, Jan 21, 2019, $1M — Insignia Ventures Partners
- Seed, Feb 1, 2018, $0.1M — H2 Ventures

## Investors

- H2 Ventures (https://capitalatlas.ai/funds/h2-ventures) — Seed
- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed, Series B
- Headline (https://capitalatlas.ai/funds/headline) — Series B
- Vietnam Investments Group (https://capitalatlas.ai/funds/vietnam-investments-group) — Series B
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Series B
- Thien Viet Securities JSC — Series B
- TNB Aura (https://capitalatlas.ai/funds/tnb-aura) — Series B
- Infinity Ventures Crypto (https://capitalatlas.ai/funds/infinity-ventures-crypto) — Series B