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MFast has raised $6 million in Series A funding led by Wavemaker Partners to scale operations and expand into the Philippines.

PRIVATESep 01, 2026•7 days ago

Amount Raised

$6 Million

Round Type

Series A

VietnamFinancial ServicesFinanceMarketplaceFintechLending

Investors

Ascend Vietnam VenturesJafco AsiaDo VenturesFinnoventure Fund IHeadline AsiaWavemaker Partners

Description

MFast, a fintech startup based in Ho Chi Minh City, Vietnam, has secured $6 million in Series A funding. The funding will support the company's expansion into the Philippines and the design of bespoke credit products. The round was backed by several investors including Wavemaker Partners and Headline Asia. MFast aims to leverage its agent-driven marketplace for financial services to enhance its reach.

Company Information

Company

MFast

Location

Vietnam

About

MFast is a fintech startup operating an agent-driven marketplace for financial services. Founded in 2017 by twin brothers Phan Thanh Long and Phan Thanh Vinh, MFast connects consumers in lower-tier cities with insurance policies, consumer loans, and banking products through a mobile software platform. The company aims to scale its operations and expand into the Philippines with its new funding. It is a unit of the startup DigiPay.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

MFast raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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