Trusting Social raises $65m Series C from unit of Vietnam's Masan

Trusting Social raises $65m Series C from unit of Vietnam's Masan

Singapore- and Vietnam-based fintech company Trusting Social has raised $65 million in a Series C funding round from the Sherpa Company Ltd, a subsidiary of Masan Group Corp, according to an announcement.

Following the investment, Masan holds a 25% stake in the company. The strategic collaboration between Trusting Social and Vietnam’s Masan is aimed at developing an AI-powered consumer tech platform, which will offer customised retail and financial products to 27 million families in Vietnam, the statement said.

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