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3 innovative alternate digital lending startups in Vietnam

By Leandra Monteiro

December 22, 2022

  • Alternative Lending
  • Consumer Credit Division
  • Credit Score

lending Digital lending is now one of the hottest trends in the global banking, financial services and insurance market. However, digital lending in Vietnam is still at an embryonic stage.

According to Statista, in 2021, the value of lending loan book via digital financial services in Vietnam reached two billion U.S. dollars. By 2025, the digital lending loan book value was forecast to amount to 18 billion U.S. dollars. Vietnam has a fast-growing FinTech sector, with digital payments being the largest segment within this sector.

Here are 3 alternative lending platforms in Vietnam to watch out for in 2023:


Formerly known as the Consumer Credit Division under Vietnam Prosperity Commercial Joint Stock Bank (VPBank), FE CREDIT successfully converted its Consumer Credit operations to a new independent legal entity called Vietnam Prosperity Bank Finance Company Limited (identified with FE CREDIT Brand) in February 2015.

FE Credit is a personal loans company that provides various types of personal loans like cash loans, vehicle loans, credit card loans etc. The company provided these loans offline traditionally but now slowly pivoting to an online model.


Online payroll payment platform provider. Its online lending platform enables employees to claim and receive salary advances based on the number of working days. It also features an app-based salary payment platform that allows businesses to pay salaries to employees. The mobile application is available on Google Play Store and Apple App Store.


Developer of a P2P lending platform for personal loans. It provides users with an online marketplace for unsecured personal loans. Its mission is to bridge the gap between unbanked/underbanked individuals and investors by creating an accessible channel for individuals to acquire loan financing and for investors to earn fixed-income returns. The platform provides personal loans up to 100 million VND to its borrowers. Investors can invest as little as 500K VND and start investing on the platform.

ALSO READ: Global Lending Vendors & Landscape Report Q4 2022

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