Say hi to Vietnam's Nano! They operate earned wage access platform, Vui. And now, they've just raised a $6.4M Pre-Series A led by Openspace!

• Founded in 2020, they have over 100,000 workers from leading corporations like Central Retail and Family Mart.
• The average employee uses their app 3.8x a month to access earned wages.

Investor check. Partech Partners, Tekton Ventures, KVision, IT Farma, Sketchnote, Golden Gate Ventures, FEBE Ventures, FJLabs, Venturra, TO Venture, ACE & Company and Goodwater Capital.

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🧐 What's the problem

Millions of workers in Vietnam live paycheck-to-paycheck and run short on cash by the end of the month.

• They're forced to resort to predatory financial products (like nasty loan sharks and payday loans) that charge sky-high annualized interest rates of 300%–500%.

And with the pandemic and the global macro crises, the cost of living's going up. So, your job might not pay the bills anymore!

• More and more families are getting pushed into poverty and nearly impossible levels of debt.
• Tons of workers are leaving jobs in cities and industrial parks to head back to their provincial hometowns, causing a major labor shortage, especially in the manufacturing sector.

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💰 Get that cash, baby!

With Vui, workers can instantly access wages whenever they need them.

• No more debts. Cash anytime you need it. No more financial stress.

Vui allows businesses to keep their employees engaged, protected and happy. This helps them retain and attract talent!

• No hassle. It doesn't affect payroll or accounting processes and removes the time spent processing cash advances.
• No risk. Say bye to employee cash advances that affect your business's cash flow.

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🔜 What's next

With the cash, they're expanding to more types of benefits and plan to allow people to use their salaries in different ways, like paying bills and buying phone cards.

• The goal? Be a complete and flexible financial platform that's the go-to for low-income workers in Vietnam.
• Plus, they're pushing to hit 500,000 users and onboarding large enterprises in specific sectors.