🇻🇳 Goodwater co-leads $1.2m round of stock trading firm

Anfin, a Vietnam-based stock trading platform has raised US$1.2 million in a seed round led by Goodwater Capital and Global Founders Capital.

XA Network and First Check Ventures also participated in the new raise.

From left: Anfin’s director of operations Chi Pham, CEO Phuoc Tran, chief product officer Michael Do, and tech lead Hiep Nguyen / Photo credit: Anfin

Founded in June 2021, Anfin aims to make it easier for retail investors in Vietnam to access a variety of financial assets from stocks and bonds, to structured investment products, among others.

The company also helps new investors trade with lower risk through fractional share trading, which is in line with Ho Chi Minh Stock Exchange’s (HoSE) plans to reduce the minimum lot of shares per trade.

Anfin will use the fresh funds to develop its platform to provide retail investors with real-time fractional share trading.

In December 2021, Anfin inked an agreement with Viet Tin Securities (VTSS), a State Securities Commission-licensed brokerage firm, to integrate and optimize the former’s trading systems.

The stock trading platform has raised funds amid an economic recovery in Vietnam as the country operates in a new normal state with a high vaccine coverage.

The HoSE hit an all-time high of 1,500.81 points in November, up 120% from the low it hit in March 2020, when the country was hit by the first wave Covid-19 cases.

See also: Why Vietnam is missing out on SEA’s IPO party

Goodwater Capital has invested in over 200 companies, including Indonesia’s Bukuwarung, the Philippines’ NextPay and Vietnam’s newest unicorn MoMo. Meanwhile, XA Network has tech leaders among its ranks from companies like Alibaba, Gojek, Grab, Google, Amazon, Netflix, and YouTube.