Many startups found an inflection point thanks to the shift to digital in 2020 amidst the pandemic.

VNSC by Finhay was one of these startups, at the time a wealth management startup focused on mutual bonds and roboadvisory.

But what has set Finhay apart has been its ability to convert this growth inflection into market leadership and an opportunity to become much more than just a wealthtech startup (more on that in part 3).

If you ask CEO and founder Huy Nghiem, Finhay's inflection point only came because of they spent the prior two years placing the foundations for brand recognition, educating the market on digital investments, and finding the right partners and investors to develop their corporate maturity.

We explore these past three years in Part 2, without which Finhay would not have been able to be the first Vietnamese fintech to secure a stock brokerage license at the time with more than 2.7 million users.

More on the stock brokerage acquisition story in the final episode in Huy's story!

Timestamps

(00:00) How Finhay laid the groundwork for their platform to grow in 2020;

(01:02) Validating ideas via Vietnam founders' Facebook group;

(01:45) Meeting his first VC + signing his first VC term sheet;

(03:07) Learnings from fundraising;

(03:37) Subscribe for Part 3: From tech startup to tech securities brokerage;

About Huy

Huy Nghiem is the founder and CEO of Finhay. Prior to Finhay, Huy built his expertise and experience in the financial markets as a financial advisor at AMP in Australia. He also co-founded and led tech companies and business initiatives during his time in Australia. He graduated from the University of Sydney with a Bachelor’s degree in Accounting and Marketing.

About VNSC by Finhay

VNSC by Finhay is Vietnam's largest digital investment and wealth management platform. The company partners with financial institutions to offer investment products for underserved mass retail investors in Vietnam, from millennials to families in rural areas. Since its founding in 2017 by serial entrepreneur Huy Nghiem, Finhay has helped create millions of financial accounts for Vietnamese to save and growth their wealth.

Music from XG - Is This Love

Some footage from TechFest Vietnam, Finhay, Tourzy Media

Directed by Paulo Joquiño

Produced by Paulo Joquiño

The content of this podcast is for informational purposes only, should not be taken as legal, tax, or business advice or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any ⁠⁠⁠⁠⁠⁠Insignia Ventures⁠⁠⁠⁠⁠⁠ fund. Any and all opinions shared in this episode are solely personal thoughts and reflections of the guest and the host.

The Inflection Point Built with Brand, Education and Partnerships | Against All Odds with Finhay CEO and Founder Huy Nghiem (Part 2 of 3)

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