Vietnam payday lender, F88, has secured a US$30 million, three-year loan from UK-based Lendable. This brings its total funding for F88 to nearly US$70 million, The Investor has reported.
Key points in the article include:
- F88 aims to increase revenue and customer base by 30 percent over five years.
- The capital will support expansion efforts as the company prepares for registration on Vietnam’s UPCoM trading platform.
- F88 now operates 888 retail outlets, with added reach via partnerships with Military Bank (MB) and a logistics firm with 10,000+ transaction points.
- FiinRatings upgraded F88’s credit outlook to “Positive” in April, citing improved capital access and asset quality.
F88’s successful US$30 million raise from Lendable signals that Vietnam’s consumer finance space is both investable and expected to scale fast, at least from the perspective of the UK firm.
See also: Vietnam Financial Sector 2025: Rankings, Products & Future