Vnlife, a payments company based in Hanoi, Vietnam, has raised $250m.
General Atlantic and Dragoneer Investment Group led the round, including participation from PayPal Ventures, EDBI, GIC, and SoftBank Vision Fund 1.
The company will use the funds to support the development of new platforms and technologies and to grow its businesses.
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VNLIFE raises $250M Series B Funding
Vnlife’s Managing Director, Niraan de Silva, is responsible for providing technology solutions to banks in Vietnam through its core financial technology subsidiary Vietnam Payment Solution JSC. VNPAYQR is an interoperable cashless payment network with over 22 million users.
VNLIFE’s subsidiary VNTravel Tourism JSC has been transformed into an online travel agency in the country. It operates under several brands and its New Retail division, Teko Vietnam Technology JSC. TEKO developed software solutions to complement large and small businesses throughout the country, allowing them to digitize analog businesses.
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