Vietnamese financial service app MFast announced Monday it has raised $2.5 million in a funding round led by Ascend Vietnam Ventures with participation from Wavemaker Partners and existing investors Do Ventures & JAFCO Asia.
MFast said in a statement that with the fresh funding, it is actively hiring talent across various areas including technology, marketing, and sales to upgrade its platform, expand its agent network, and deploy new business models.
This new capital will be used to develop technology and data analysis systems that can generate consumer credit ratings, expand MFast’s agent network, and experiment with new business models