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.
- Headquarter Ho Chi Minh City, Vietnam
- Founders Phan Thanh Long, Phan Thanh Vinh
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Công Ty Cổ Phần Giải Pháp Thanh Toán Số (Digipay Jsc.)
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Series A
Aug 29, 2023
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Investors
Wavemaker Partners
& 5 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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 Total Funding
- Total Rounds 3
- Last Round Series A — $6.0M
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First Round
First Round
(21 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - MFast | Valuation | Wavemaker Partners | |
| Jul, 2022 | Amount | Series A - MFast | Valuation | Ascend Vietnam Ventures | |
| Jun, 2021 | Amount | Seed - MFast | Valuation | Do Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in early-stage technology companies are made by Wavemaker Partners.
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by JAFCO Asia.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MFast
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MFast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mfast Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance data exchange and benefit administration solutions for employers
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| domain | founded_year | HQ Location |
Lead exchange platform is operated as SaaS for advertisers.
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| domain | founded_year | HQ Location |
Healthcare insurance solutions are offered via a digital platform.
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| domain | founded_year | HQ Location |
AI-based solutions for insurance sales and marketing are provided.
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| domain | founded_year | HQ Location |
Digital distribution and sales solutions for insurance carriers are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mfast
Frequently Asked Questions about MFast
When was MFast founded?
MFast was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is MFast located?
MFast is headquartered in Ho Chi Minh City, Vietnam.
Who is the current CEO of MFast?
Phan Thanh Long is the current CEO of MFast. They have also founded this company.
Is MFast a funded 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 21, 2021.
What does MFast do?
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.
What products or services does MFast offer?
MFast offers Financial Consulting, Insurance Products, Loan Facilitation, and E-wallet and Banking.
Who are MFast's investors?
MFast has 6 investors. Key investors include Wavemaker Partners, Ascend Vietnam Ventures, JAFCO Asia, Headline, and Do Ventures.
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