Vietnam Digest: CyberAgent, SWOF invest in Kyna; VIISA, Fintech Club’s accelerator

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CyberAgent Capital and SEAF Women’s Opportunity Fund have invested an undisclosed sum in Vietnam’s e-learning platform Kyna while VIISA and Vietnam Fintech Club have launched an accelerator.

CyberAgent and SWOF invest in e-learning platform Kyna

Japanese venture capital firm CyberAgent Capital and SEAF Women’s Opportunity Fund (SWOF) have invested an undisclosed sum in Vietnam’s e-learning platform Kyna, according to a release.

Return backer CyberAgent earlier invested in the startup in April 2016. Founded in 2013, Kyna.vn’s business model revolves around providing Vietnamese learners with online courses taught by experts for a fee. The company claims to have 600,000 students to date.

With the new investment, Kyna will invest in its online education products for children. “The new capital will help KYNA accelerate the launch of products, optimize the technology and learning experience of students and expand market,” said Ho Hong Bao Tram, Co-founder and CEO of Kyna.

SWOF was launched in 2017 and is managed by Small Enterprise Assistance Funds. The fund recently has invested in Vietnamese organic food supplier Organica.

Earlier, it had invested in Phuong Chau, an obstetrics and gynecology hospital.

Meanwhile, the fund manager has invested in around 20 Vietnamese companies across various sectors. It launched the SEAF Blue Waters Growth Fund in 2007, a $25-million vehicle dedicated to Vietnamese SMEs. The fund has been fully invested.

VIISA and Fintech Club launch accelerator

The Vietnam Innovative Startup Accelerator (VIISA) and Fintech Club have partnered to launch their first fintech accelerator to provide seed funding to startups in the field, according to an official release.

FinTech Lab, which is a joint effort of VIISA and Vietnam Fintech Club, aims to promote the fintech sector by providing meaningful discussions, business ideas, veteran opinions, and connection with regulators and investors.

The six-month programme provides participating startups a seed investment; an undisclosed amount of services such as co-working space, Amazon Web Services, HubSpot, Google Cloud, Mapbox, Zendesk; mentorship from Vietnam Fintech Club networks, such as Momo, Standard Chartered Bank, Dragon Capital, VFM, BIDV; and eligibility to join the Investment Day to pitch with the investor network of VIISA.

Launched in January 2017 by FPT Ventures and Dragon Capital, VIISA is an accelerator programme and seed-stage fund that seeks to invest $6 million to build global-ready startups in Vietnam.

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