About MFast
MFast is a company based in Ho Chi Minh City (Vietnam) founded in 2017 by Phan Thanh Long and Phan Thanh Vinh. MFast has raised $10 million across 3 funding rounds from investors including Wavemaker Partners, Ascend Vietnam Ventures and JAFCO Asia. MFast offers products and services including Financial Consulting, Insurance Products, Loan Facilitation, and E-wallet and Banking. MFast operates in a competitive market with competitors including Noyo, Px, GoHealth, Zelros and Joshu, among others.
- Total Equity Funding$10M (USD)
in 3 rounds
- Latest Funding Round$6M (USD), Series A
Aug 2023
- InvestorsWavemaker Partners
& 5 more
Products & Services of MFast
MFast offers a comprehensive portfolio of products and services, including Financial Consulting, Insurance Products, Loan Facilitation, and E-wallet and Banking.
Platform for advising on loans and credit cards to consumers.
Services offering various insurance policies for personal assets.
Assistance in securing consumer loans through partnerships.
Tools for digital banking and electronic wallet integrations.
Apps and channels of MFast
MFast publishes 2 mobile apps with over 100K+ downloads; its YouTube channel MFast has 1.77K subscribers and 30 videos.
Videos from MFast
The most watched videos on MFast's YouTube channel, MFast (1.77K subscribers). Click a video to play it here.
More on MFast.
Funding Insights of MFast
MFast has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 3
- Last Round Series A — $6M
- First Round $1.5M
(Jun 2021)
- Investors Count 6
All 3 funding rounds of MFast with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $6M | Series A | – | Wavemaker Partners | |
| Jul 2022 | $2.5M | Series A | – | Ascend Vietnam Ventures | |
| Jun 2021 | $1.5M | Seed | – | Do Ventures |
6 investors in total: 6 institutional.
Investors in MFast
MFast has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Wavemaker Partners, Ascend Vietnam Ventures and JAFCO Asia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Wavemaker Partners. | 2003 | wavemaker.vc | Los Angeles, United States | |
Investments in early-stage tech startups are made by JAFCO Asia. | – | jafcoasia.com | Singapore, Singapore | |
Investments are made in early-stage tech startups across multiple sectors. | – | headline.com | San Francisco, United States | |
A venture capital firm focused on early-stage startups in Vietnam. | – | doventures.vc | Ho Chi Minh City, Vietnam | |
Venture capital fund investing in early-stage startups | 2015 | avv.co | Ho Chi Minh City, Vietnam | |
Strategic investments in startups are facilitated by Krungsri Finnovate. | – | krungsrifinnovate.com | Bangkok, Thailand |
Investor details for MFast
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of MFast
2 people are tracked at MFast (2 in leadership).
| Name | Role | Group |
|---|---|---|
Phan Thanh Long | Co-Founder & CEO | Leadership |
Phan Thanh Vinh | Co-Founder | Leadership |
Complete people profiles for MFast
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of MFast
3 dated milestones of MFast across 6 years, from founding to its latest funding, stage changes and deals.
- Founded MFast is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series A, of $6.0M.
Competitors of MFast
MFast operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Noyo, Px, GoHealth, Zelros and Joshu, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| noyo.com | 2011 | Boston, United States | $57.5M | 66 | Insurance data exchange and benefit administration solutions for employers | |
| px.com | 2016 | New York, United States | $12.5M | 12 | Lead exchange platform is operated as SaaS for advertisers. | |
| gohealth.com | 2001 | Chicago, United States | $50M | 2,467 | Healthcare insurance solutions are offered via a digital platform. | |
| zelros.com | 2015 | Paris, France | $15.54M | – | AI-based solutions for insurance sales and marketing are provided. | |
| joshuins.com | 2020 | Menlo Park, United States | $3.7M | – | Digital distribution and sales solutions for insurance carriers are provided. | |
| anorak.life | 2017 | London, United Kingdom | $19.12M | 33 | Income protection and life insurance are provided by Anorak. | |
| ensuredit.com | 2019 | Bengaluru, India | $4.98M | 34 | Insurance technology solutions for digital distribution and analytics are provided. | |
| assurone-group.com | 2004 | Paris, France | $20.49M | – | Insurance distribution solutions for Insurance players |
Detailed competitors of MFast
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MFast
The website of MFast (mfast.vn) receives about 25.4K visits a month.
- Monthly visits25.4K
▼ 59.8% vs previous month
Websites whose visitors overlap most with MFast. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| f88.vn | 100% | 532.1K | #44,700 | View details | |
redbag.vn | redbag.vn | 95% | – | #2,474,270 | – |
myvbi.vn | myvbi.vn | 95% | – | – | – |
| finhay.com.vn | 95% | 74.8K | #536,445 | View details | |
ub.edu.vn | ub.edu.vn | 95% | – | #528,921 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 34 similar websites and full traffic analytics for MFast
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 34 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Mfast
Complete news archive for MFast
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MFast
10 companies that operate in the same segment as MFast (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | – | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Finland | USD 1.16 B | – | – | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – |
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Frequently Asked Questions about MFast
MFast was founded in 2017 and raised its 1st funding round 4 years after it was founded.
MFast is headquartered in Ho Chi Minh City, Vietnam.
Phan Thanh Long is the current CEO of MFast. They have also founded this company.
MFast is a funded company, having raised a total of $10M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 2021.
MFast was founded in 2017 and is headquartered in Ho Chi Minh City, Vietnam. An automated platform for sales and commission payments in the insurance and financial sectors is operated. Commissions are matched and disbursed automatically following successful transactions. A mobile application supporting these functions is offered on both Android and iOS devices, facilitating operations in the fintech space.
MFast offers Financial Consulting, Insurance Products, Loan Facilitation, and E-wallet and Banking.
MFast has 6 investors. Key investors include Wavemaker Partners, Ascend Vietnam Ventures, JAFCO Asia, Headline, and Do Ventures.
MFast operates through Công Ty Cổ Phần Giải Pháp Thanh Toán Số (Digipay Jsc.).
Yes. MFast publishes MFast - Trên cả thu nháºp and 1 more app, with over 100,000 downloads.