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Startups expand with fresh funding and portfolios
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Startups expand with fresh funding and portfolios
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Wednesday, January 20, 2021, 15:02 GMT+7
This photo shows the interface of the Gpay e-wallet app on a smartphone. Photo: Duc Thien / Tuoi Tre
E-wallet firm Gpay, a member company of G-Group Technology Corporation, announced it had completed its Series A investment with the participation of KB Fina, a joint venture between G-Group and South Korean KB Financial Group, in Hanoi on Tuesday.
According to the announcement, KB Financial Group invested VND425 billion (US$18.4 million) in Gpay through KB Securities, its representative in Vietnam.
With the announcement ceremony on Tuesday, the Gpay e-wallet was officially launched.
Gpay is licensed by the State Bank of Vietnam (SBV) to provide intermediary payment services.