Fvndit is a California- and Vietnam-based fintech company, focused on solving the working capital problem for SMEs using technology. The company was founded in 2018 and is fully operational. The team comprises of engineers, data scientists, trade finance, and banking veterans across 2 locations: Irvine, CA and HCMC, Vietnam.
Trade finance is an age-old industry dominated by banks that focus on large, established corporate customers. Fvndit is using technology to re-build core parts of the business funding infrastructure and make the underwriting and financing seamless for small businesses. Our main product is post-invoice financing. Our wholly-owned subsidiary, eLoan, JSC (https://eloan.vn), operates an online P2P funding and investing marketplace in Vietnam, our current local market. Today, SMEs account for more than 40% of Vietnam’s GDP (of $241B USD) but still remain largely neglected by traditional banks. eLoan was launched in early 2018 and has facilitated over 100 loan disbursements with zero NPL. Going forward, we’re aiming to offer additional SME-focused financial technology services in Vietnam as well as other countries in SE Asia where economic growth is expected to remain strong for decades to come.
Our mission is to level the playing field for small businesses located in emerging markets and to provide them with simplified financial services at the click of a button.