Stock-in' up! Meet Anfin. This Vietnamese stock trading app just raised a $1.2M seed round.

Who invested? Global Founders Capital, First Check Ventures, Goodwater Capital, the CEOs of Stripe, Gojek, Zalora, Google and Grab also joined in on the round through XA Network.

• It's also part of Y Combinator's W22 batch, joining the crew of other YC-backed investment apps like Ajaib and GoTrade.

🇻🇳  All Viet bet

Apart from how accessible it is for anyone to trade on Anfin (you only need 50,000 VND, aka $2!), what's key is it's local— allowing more Vietnamese than ever to start trading stocks.

• It's easy for new investors to use and all in Vietnamese. (User-friendly, transparent and secure is the name of the game!)
• Typical stockbrokers make you buy 100 shares, usually worth $400–600 for top-performing stocks like Vingroup.

💰  On the money

There's been no better time to invest in Vietnamese stocks. Its benchmark VN index made a 33% gain. (It's SEA's hottest stock market, NBD.)

• Vietnam's stock index sold a record $2.7B worth of shares in 2021.
• Its citizens agree. Over 950,000 Vietnamese took the jump to become retail investors in the first nine months of 2021 (2.4x more than 2020!)

👀  The Anfin difference?

Active investing. Other apps offer mutual funds, ETFs and fixed income, which are for people in it for the long-term (passive investing).

• Anfin's focus is on users having the free will to buy and sell stocks as often as they want.

Rookie-friendly. Vietnamese typically don't want to invest. It's risky, complicated and needs a ton of $$$.

• It shares basic to advanced investment knowledge and updates financial news to help its users' decision-making.
• Only 3% of Vietnamese have a stock brokerage account, so being rookie-friendly is key.

Extra Scoop: Retail investment frenzy a boon for Asia-Pacific brokers