Innovative structured products and AI-powered wealth solutions supporting Vietnam’s rising affluent in achieving their financial aspirations, 1Long has secured $500k Funding in Pre-Seed Round. Investors in the pre-seed-funding round including Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital, reflects.
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The funding will be used toward technological advancement, joint ventures with portfolio managers and banking organizations, and the growth of strategic teams. Along with investing in equities, bonds, and real estate, startup also wants to grow in value-added services like tax and retirement planning.
“It’s worth noting, according to Motor Intelligence, that the fintech market in Vietnam, while moving at a measured pace, is expected to ultimately surpass US$72 billion by 2029 with a projected 13% compound annual growth rate (CAGR). This promising trend highlights the vast potential within the sector and aligns perfectly with our mission at 1Long, as we navigate the maturing landscape with optimism and a clear focus on innovation and the financial success of our users.” said Michael Do, Co-Founder and CEO at 1Long.
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“Our investment in 1Long goes beyond mere returns; it’s a step towards redefining the future of wealth management,” said Hsu Ken Ooi, Co-Founder and Managing Partner at Iterative.
About 1Long
1Long provides diverse financial products with maximum profits, and no time constraints. It allocate clients’ money across different financial products to deliver the best returns. It is an advanced technology application platform that helps to achieve financial goals soon.
