# TheBank.Vn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thebank-vn

- Industry: Financial Services
- Headquarters: Hanoi, Vietnam
- Website: www.thebank.vn
- Total disclosed funding: $5.8M
- Latest round: Series B (Oct 6, 2021)
- Investors on record: 4

## About

TheBank.Vn is a financial services platform in Vietnam that specializes in personal loans, credit cards, and insurance products, featuring a financial comparison tool for informed decision-making.Founded in 2014, TheBank.Vn operates from Hanoi, Vietnam, providing a digital platform for customers to compare and secure financial products. The company has completed two deals, with its most recent funding round being a Series B, raising USD 5.000 mn on October 6, 2021, led by UOB Venture Management. The total amount raised by TheBank.Vn stands at USD 5.000 mn, with a current valuation of USD 25.000 mn.TheBank specializes in providing a comprehensive suite of financial services aimed at addressing various customer needs, including personal loans, credit card issuance, and insurance products. Central to its offerings is a financial comparison tool that allows users to evaluate interest rates and benefits across multiple financial products, thus facilitating informed decision-making. TheBank caters to a diverse client base that includes individual consumers seeking financial solutions as well as financial intermediaries such as bank consultants and insurance agents looking to connect with potential clients. Their services are designed to simplify the financial product selection process for users in Vietnam, where they primarily operate, and are accessible through a user-friendly online platform. TheBank's commitment to offering free consultations within two hours of registration underscores its focus on customer service and support.In the most recent year, TheBank reported a revenue of USD 6,350,136.80 and an EBITDA of USD 220,887.20. TheBank generates revenue through a combination of service fees and potential commissions from financial product referrals. The transaction structure typically involves direct engagement with consumers who seek to compare financial products and receive personalized advice, establishing a B2C model. As clients register for services, they are often guided through a selection process where they can opt for various products such as loans or credit cards, which may result in a commission-based fee for TheBank upon successful acquisition. TheBank's flagship services include its loan and credit card offerings, which are integral to its business model, enhancing its revenue streams by driving user engagement and facilitating financial transactions. The company aims to attract a significant number of users, as evidenced by their monthly traffic and service utilization metrics, which further contributes to its financial performance.In October 2021, TheBank.Vn raised USD 5.000 mn in Series B funding led by UOB Venture Management. The company plans to use this funding to expand its business within Vietnam. Future strategies will include the design and launch of new financial products aimed at enhancing customer engagement and addressing broader market needs.

## Funding rounds

- Series B, Oct 6, 2021, $5M — UOB Venture Management
- Series A, Mar 2, 2020, $0.8M — CyberAgent Capital, NCORE Ventures, V Ventures

## Investors

- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Series A
- NCORE Ventures (https://capitalatlas.ai/funds/ncore-ventures) — Series A
- V Ventures (https://capitalatlas.ai/funds/v-ventures) — Series A
- UOB Venture Management (https://capitalatlas.ai/funds/uob-venture-management) — Series B