sendo.vn, one of the largest e-commerce platforms of Vietnam (Photo: FPT Corporation) Hanoi (VNA) – Sen Do Technology JSC, the operator of Sendo online commerce platform, has gained 51 million USD funnelled by investors from Japan, the Republic of Korea and Taiwan (China), including SoftBank Ventures Korea, Daiwa PI Partners and SKS Ventures. Previously, Sen Do secured investment from FPT Corporation, SBI Holdings of Japan, eContect Asia, BEENEXT and BEENOS. Executive Chairman and Co-Founder of Sen Do Nguyen Dac Viet Dung said the newly-raised funding would help the company carry out its business development plans, such as the launch of SenMall – a new electronic commerce platform. It also plans to turn Senpay digital wallet into a leading financial technology (FinTech) platform in Vietnam. The company has been on its track to surpass 1 billion USD in merchandise sales through online platform by 2020, as the annual figure stands at 330 million USD, Dung added. … [Read more...] about Vietnam’s e-commerce platform raises 51 mln USD from foreign investors
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Sendo nets $51m from SoftBank, SBI, others
Sendo claims to serve over 300,000 sellers and several million buyers across the country’s 63 provinces. — Photo Sendo Online trading platform Sendo has just landed US$51 million in a series B funding round led by Japanese financial services giant SBI Group, according to techinasia.com. SoftBank Ventures Korea as well as Beenos and its sister firm Beenext were among the other investors to take part. Sendo said it will use the funding to improve its eponymous consumer-to-consumer (C2C) portal and launch its new business-to-consumer (B2C) marketplace SenMall. The capital will also be dedicated to expanding the reach of its mobile wallet and digital payments platform SenPay. Sendo aims to help individual vendors, micro-entrepreneurs, and small businesses sell their goods online and deliver them cheaply throughout Viet Nam. It claims to serve over 300,000 sellers and several million buyers across the country’s 63 provinces. In particular, Sendo is targeting second-tier … [Read more...] about Sendo nets $51m from SoftBank, SBI, others