# MFast

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mfast

- Industry: Financial Services
- Headquarters: Ho Chi Minh City, Vietnam
- Website: www.mfast.vn
- Total disclosed funding: $8.5M
- Latest round: Series A (Aug 29, 2023)
- Investors on record: 6

## About

Founded in 2017 and based in Ho Chi Minh City, Vietnam, Digital Payment Solutions Joint Stock Company, doing business as DigiPay JSC, operates an AI-integrated online platform that connects users to financial institutions that offer financial services like loans and insurance. The company was founded by Phan Thanh Long and Phan Thanh Vinh. In August 2023, Digital Payment Solutions Joint Stock Company trading under the name MFast raised USD 6 million in series A funding led by Wavemaker Partners, Krungsri Finnovate, Headline Asia,  Do Ventures, JAFCO Asia, and Ascend Vietnam Ventures.

The company's product is an AI-integrated online platform that prequalifies applicants for credit services by using predictive machine learning algorithms in order to identify the risks of the applicants defaulting to their loans. For insurance customers, it matches them with plans using a data-driven engine.

The company's revenue is generated by the transaction fee applied for every service acquired within the application.

## Funding rounds

- Series A, Aug 29, 2023, $6M — Wavemaker Partners, JIF Capital, Headline [DUP], Krungsri Finnovate, AVV, Do Ventures
- Series A, Jul 18, 2022, $2.5M — Wavemaker Partners, JIF Capital, AVV, Do Ventures

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Series A
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series A
- AVV (https://capitalatlas.ai/funds/avv) — Series A
- Do Ventures (https://capitalatlas.ai/funds/do-ventures) — Series A
- Headline [DUP] — Series A
- Krungsri Finnovate (https://capitalatlas.ai/funds/krungsri-finnovate) — Series A