Last year, retail investing applications in Southeast Asia received a lot of financing, and the trend appears to be continuing, with Vietnam-focused Infina stating that it had increased its seed round to $4 million. This takes the round’s total to $6 million, including the $2 million it announced in June.
Sequoia Capital India’s Surge program, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks are among the investors.
Infina was a part of Y Combinator’s Summer 2021 class and hopes to become Vietnam’s “Robinhood.” It went live in January 2021.
Infina is focused on first-time Gen Z and millennial investors, like other Southeast Asian investment apps that have drawn venture money in the last year (a partial list includes Indonesia’s Pluang, which just raised a $55 million follow-on to its Series B, Bibit, Ajaib, Pintu, and Syfe).
Investors can choose from a variety of asset classes, including fixed-income products, mutual funds, and stock trading, using the app. It also provides fractionalized trading, which allows customers to invest with smaller minimums.
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