Financial service app MFast announced that it has raised US$2.5 million in a funding round led by Ascend Vietnam Ventures with participation from Wavemaker Partners and existing investors Do Ventures & JAFCO Asia.
The Australian Government has committed A$4.9 million (US$3.53 million) of investment in Viet Nam''s venture fund Ascend Vietnam Ventures (AVV) to assist local startups, according to the Australian Embassy in Viet Nam.
