Funded startups, ranked by AI
Vietnam’s top 15 funded startups
A monthly ranking of non-listed Vietnamese startups that have already raised funds, established by artificial intelligence from public information. Uback does not calculate any valuation: it ranks.
The market at a glance
15companies ranked
10companies on the radar
USD 509Mraised in 2025
103rounds in 2025
Figure shown: NIC, VPCA and BCG (USD 509M across 103 VC deals, +28% in value). Sources disagree on scope: VinVentures counts USD 215M disbursed across about 41 deals. Sources: NIC, VPCA, BCG – Vietnam Innovation & Private Capital Report 2026 (via TNGlobal), BCG – report page, VinVentures (via The Investor). Intention counters will be shown above a threshold of amount and number of Backers.
National ranking · all sectors
First edition: no movements yet.| # | Company | Sub-sector | Known funding | Confidence | Access | |
|---|---|---|---|---|---|---|
| 1 | VNLife / VNPayHanoi · founded 2007Investable company not verified (VNLIFE holding; VNLIFE Singapore Pte. Ltd. struck off); operations in Vietnam Valuation above USD 1bn reported in Jul 2021 (Reuters). GIC and SoftBank reported to weigh selling stakes in Sep 2025; outcome unknown. |
Fintech › QR payments, super-app | USD ~550M raised Series B · USD >250M · Jul 2021 (General Atlantic, Dragoneer) · source |
Solid sources | Not declared | Declare an intention |
| 2 | MoMoHo Chi Minh City · founded 2010Legal seat not verified (operating company M_Service JSC, Vietnam); operations in Vietnam Valued at USD 2bn in Dec 2021 (Bloomberg). A sale of up to 50% of existing shares (secondary, not new equity) was under way in 2026. |
Fintech › e-wallet, super-app | USD ~434M raised Series E · USD 200M · Dec 2021 (Mizuho, Ward Ferry, Goodwater, Kora) · source |
Solid sources | Not declared | Declare an intention |
| 3 | Sky MavisHo Chi Minh City · founded 2018Investable company: Sky Mavis Pte. Ltd. (Singapore); operations in Vietnam Only the ~USD 11M confirmed from the Apr 2022 round is counted, not the USD 150M announced. The 2021 Series B valuation predates the 2022 Ronin hack and is not current. 21% layoffs in Nov 2024. |
Web3 › blockchain gaming (Axie Infinity, Ronin) | USD ~171M raised Round · USD ~11M confirmed of USD 150M announced · Apr 2022 (Binance, a16z, Animoca, Paradigm, Accel) · source |
Partial sources | Not declared | Declare an intention |
| 4 | Trusting SocialHo Chi Minh City · founded 2013Investable company: Trust IQ Pte. Ltd. (Singapore); operations in Vietnam Up to USD ~149M if the balance of Masan's USD 105M commitment was paid; not confirmed. FY2025: revenue USD 23.1M, net loss USD 87.5M. |
Fintech › AI credit scoring, eKYC | USD ~109M raised Series C · USD 65M · Apr 2022 (The Sherpa / Masan Group) · source |
Partial sources | Not declared | Declare an intention |
| 5 | Buymed (thuocsi.vn)Ho Chi Minh City · founded 2018Investable company: Singapore-headquartered holding (name not verified); operations in Vietnam Equity/debt split of US DFC's participation not disclosed; possible overlap with the 2021 round. |
Healthtech › B2B pharma marketplace and distribution | USD ~64M raised Series B · USD 51.5M total · May 2023 (UOB Venture Management, US DFC) · source |
Partial sources | Not declared | Declare an intention |
| 6 | OnPointHo Chi Minh City · founded 2017Legal seat not verified; operations in Vietnam Series B announced as an investment of up to USD 50M, possibly in tranches. |
E-commerce › brand operations on marketplaces | USD ~58M raised Series B · up to USD 50M · Jun 2022 (SeaTown / Temasek) · source |
Partial sources | Not declared | Declare an intention |
| 7 | KiotVietHanoi · founded 2014Legal seat not verified; operations in Vietnam Pre-2021 funding (USD ~6M) from an aggregator only. No round reported since 2021. |
SaaS › POS and retail management for SMEs | USD ~51M raised Series B · USD 45M · Sep 2021 (KKR, Jungle Ventures, Kasikornbank) · source |
Partial sources | Not declared | Declare an intention |
| 8 | Dat BikeHo Chi Minh City · founded 2019Legal seat not verified (operating company Dat Bike Vietnam Co., Ltd.); operations in Vietnam Previous round: Series B, USD 22M, Sep–Oct 2025. The company-stated total of USD 51M includes some debt, excluded here. |
Mobility › electric motorbikes | USD ~42M raised Equity · USD 4M · Mar 2026 (Thien Viet Securities) · source |
Solid sources | Not declared | Declare an intention |
| 9 | CoolmateHo Chi Minh City · founded 2019Legal seat not verified; operations in Vietnam Series C amount is a single-source estimate (VinVentures via The Investor). Disclosed rounds total USD 10.25M. |
E-commerce › D2C apparel | USD ~33M raised Series C · undisclosed (est. USD ~22M) · Nov 2025 (Vertex Growth, Cool Japan Fund, YoungOne) · source |
Weak sources | Not declared | Declare an intention |
| 10 | Be GroupHo Chi Minh City · founded 2018Investable company: Be Holdings (legal seat not verified); operations in Vietnam Excludes a USD 60M+ Deutsche Bank loan (2022) and an undisclosed VinFast investment (2023). Reported company-wide profitability in 2025. |
Mobility › ride-hailing and delivery super-app | USD ≥30M raised Equity · USD 30.3M (VND 739.5bn) · Jan 2024 (VPBank Securities) · source |
Partial sources | Not declared | Declare an intention |
| 11 | Jio HealthHo Chi Minh City · founded 2014Legal seat not verified (possibly a US parent); operations in Vietnam No round reported since 2022. |
Healthtech › clinics and telehealth | USD ~30M raised Series B · USD 20M · Jan 2022 (Heritas Capital, Fuchsia, KBank, Monk's Hill) · source |
Partial sources | Not declared | Declare an intention |
| 12 | TechcoopHo Chi Minh City / Hanoi · founded 2022Investable company: TECHCOOP Investment & Technology Pte. Ltd. (Singapore); operations in Vietnam Only equity is counted: USD 42M of the Series A and a USD 11.75M facility (Apr 2026) are debt. |
Agritech › supply-chain trade and financing | USD ≥28M raised Series A · USD 70M incl. USD 28M equity · Feb 2025 (TNB Aura, AVV) · source |
Solid sources | Not declared | Declare an intention |
| 13 | FinhayHanoi · founded 2017Legal seat not verified; operations in Vietnam No round reported since 2022. |
Fintech › retail investing app | USD ~26M raised Series B · USD 25M · Jun 2022 (Openspace, VIG) · source |
Partial sources | Not declared | Declare an intention |
| 14 | AI HayHo Chi Minh City · founded 2023Legal seat not verified; operations in Vietnam Earlier funding (USD ~8M) not itemised by round. |
AI › consumer Q&A and search | USD ~18M raised Series A · USD 10M · Jul 2025 (Argor Capital, Square Peg, Northstar Ventures) · source |
Partial sources | Not declared | Declare an intention |
| 15 | EdupiaHanoi · founded 2017Legal seat not verified; operations in Vietnam Low confidence: an aggregator shows USD 24M. Companies in the Radar could displace this position. |
Edtech › online English for K-12 | USD ~16M raised Series A · USD 14M · Sep 2022 (Jungle Ventures, eWTP Capital, ThinkZone) · source |
Partial sources | Not declared | Declare an intention |
This ranking is an opinion, not a valuation. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs (Claude, Gemini, ChatGPT) will apply from Edition 1. It is based on public information (press, funding announcements), following a published method, with no human intervention on the order. Uback neither calculates nor estimates any valuation: ranking non-listed companies is inherently imprecise, depends on the information available and may be contradicted by non-public facts. The confidence index reflects the quality of the sources. Any company may request a correction or dispute its position. This ranking is neither investment advice nor a solicitation. Eligibility threshold: at least USD 500k raised, non-listed companies, main operations in Vietnam.
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What the AIs think
Every month, the same question is put to several AIs. The answers are merged into a consensus ranking, with a confidence index for each position. Edition 0 is established by a single AI; the consensus arrives with Edition 1.
What the experts argue
The licensed partner and analysts challenge the ranking: “why is this leader missing”, “why is number 3 overrated”. Summaries are free.
What the money wants
The most sought-after companies: those gathering the most paid investment intentions. Aggregated amounts, never an individual intention.
Rankings by sector
Four verticals at launch, more when the feasibility test allows.Coming soon · Top 10
Fintech & payments
E-wallets, payments, digital lending and investing.
Coming soon · Top 10
Commerce & logistics
E-commerce enablers, B2B distribution and delivery.
Coming soon · Top 10
Education
K-12, English learning and online universities.
Coming soon · Top 10
Mobility & energy
Electric motorbikes, ride-hailing and solar financing.
HealthtechAIProptechGaming & Web3B2B software
The Uback partner in Vietnam
Introductions made by a licensed partner, currently being selected
Securities or fund management company licensed by the SSC (State Securities Commission of Vietnam) or investment bank, the only party entitled to contact companies and structure deals. Uback remains a media: it ranks and aggregates intentions, it takes part in no transaction.
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—deals closed
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Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Stride · Climate fintech › rooftop solar and battery financingSeries B · USD 15M · May 2026 (Lightrock, TRIREC), partly secondary · source
- Homebase · Proptech › rent-to-own (pivoted to HR tech in 2025)USD 30M equity and debt, split undisclosed · Nov 2021 (Y Combinator, Goodwater, Partech) · source
- Manabie · Edtech › SaaS and cram schools (Singapore HQ; main market possibly Japan)Series B · USD ~23M (JPY 3.3bn) · Apr 2025 (JIC VGI) · source
- GIMO · Fintech › earned wage accessSeries A · USD 17.1M equity and debt, split undisclosed · Jul 2023 (TNB Aura) · source
- Orochi Network · Blockchain › infrastructureSeed · USD 12M · 2025 (single source) · source
- Ephyra / GameBeast · Gaming › mobile gamesSeries A · USD 10.5M · 2025 (single source) · source
- Galaxy Education · Edtech › K-12, English, online university (HOCMAI, ICAN, FUNiX)USD ~10M · Jun 2025 (East Ventures) · source
- Kyna English · Edtech › online EnglishSeries B · undisclosed (est. USD 10M) · 2025 (Asia Business Builders) · source
- SmartPay · Fintech › merchant e-walletUSD ~9.2M (VND 240bn) · ~2022 (SMBC) · source
- EcoTruck · Logistics › trucking marketplaceUSD 2M · May 2021 (STIC Ventures) · source
Born in Vietnam, based elsewhere
Companies of Vietnamese origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
- ELSA · Edtech › English-learning app
Co-founded by a Vietnamese founder; headquarters in San Francisco, global user baseSeries C · USD 23M · 2022 · source
Born elsewhere, based in Vietnam
Companies founded abroad whose main operations are in Vietnam.
- Kamereo · B2B e-commerce › food sourcing for restaurants and hotels
Japanese co-founder (Taku Tanaka); operations entirely in VietnamSeries B · USD 7.8M · Dec 2024 (Sumitomo Corp., SMBC VC, MUFG Capital) · source - OKXE · Marketplace › used motorbikes and financing
Korean founder (Wooseok Kim); operations entirely in VietnamSeries A · USD 14.5M reported (may be the cumulative total) · Jul 2025 (Kwangju Bank, JB Financial) · source
Not ranked
- Tiki · Under review: reported valuation cut from ~USD 1bn (2021) to under USD 10M (2025) after a restructuring round; control status being verifiedsource
- Scommerce (GHN, AhaMove) · Out of window: last documented round (Temasek-led, up to USD ~100M) in Oct 2019source
- Sendo · Out of window: last round was a USD 61M Series C in Nov 2019source
- VNG · Listed on UPCoM (VNZ) since Jan 2023: benchmark, not rankedsource
- F88 · Listed on UPCoM since Aug 2025: benchmark, not rankedsource
- Timo · Acquired: Kredivo Group took nearly full ownership (announced May 2026)source
- VinBrain · Acquired by NVIDIA in Dec 2024source
- Telio · Shut down in Nov 2024source
- Mio · Shut down in 2024source
- Kilo · Shut down in Oct 2023source
- Propzy · Shut down in Sep 2022source
- Cake by VPBank · Not a startup issuer: a bank product licensed through VPBanksource
- CME Solar · Not tech: rooftop-solar developer financed with infrastructure capitalsource
- Xanh SM (GSM) · Not VC-backed: 95% owned by Vingroup's chairmansource
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