logo
logo

Vnlife Announces Series B Funding Round Led By General Atlantic And Dragoneer

Jul 30, 2021•almost 4 years ago

Round Type

series b

Hanoi

Description

VNLIFE Corporation Joint Stock Company (“VNLIFE”), a leading technology company pioneering the development of Vietnam’s digital ecosystem, today announced it has raised over $250 million in a Series B funding round led by General Atlantic and Dragoneer Investment Group, with participation by PayPal Ventures and EDBI. Existing investors GIC and SoftBank Vision Fund 1 also participated in the round.

Company Information

Company

Vnlife

Location

Hanoi, Hanoi, Vietnam

About

VNLIFE also operates VNPAY-QR, the nation’s largest interoperable cashless payment network, with 22 million users and over 150,000 merchants. VNLIFE is at the forefront of Vietnam’s rapid adoption of digital banking, with its technology solutions now being offered by its core financial technology subsidiary, Vietnam Payment Solution JSC (“VNPAY”), to over 40 banks across the country. ”Eric Jones, Partner, Dragoneer, said, “VNLIFE is in a coveted position at the heart of Vietnamese consumers’ digital journey.