AVV (Ascend Vietnam Ventures)

In emerging markets where traditional credit often feels out of reach, tech solutions are changing the game. In Forbes' latest article, Boaz Sobrado spoke with our founder Doug Ricket and shared, “For the billions of people still lacking access to formal financial services, these innovations represent more than just credit - they're a pathway to economic opportunity. As traditional financial institutions struggle to serve these markets, technology-enabled lending might finally bridge the gap between informal and formal financial systems.” We are committed to meeting our customers where they are, even with no formal credit history. And from our initial founding in 2015, we are only continuing to grow — now approaching $450 million in annual revenue! “As smartphone penetration continues to grow in emerging markets, this trend appears poised to accelerate.” Read more here: https://lnkd.in/gNDHutWf #PayJoy #FinancialInclusion #TechForGood #Forbes #EmergingMarkets

Thrilled to Announce Record-Breaking November Volumes on PowerTrade! We’ve achieved an all-time high with $2.2 BILLION USD in trading volume for November—representing a mind-blowing 122,756% year-to-date growth. Our open interest is also nearing the $1 billion USD mark, a testament to the incredible momentum we’re building. PowerTrade’s success is driven by our unique offering of 70 options markets and ~70,000 instruments, coupled with a best-in-class product experience and unparalleled liquidity—firmly setting us apart from the competition. What makes this even more remarkable? It’s been achieved by a team of just 7 dedicated individuals, including our elite sales leader, Bernd Sischka, and our 100X engineers and product experts. I couldn’t be prouder of this small but mighty team.  After a two-year hiring hiatus, during which our team worked tirelessly—often with little sleep—we’re excited to announce that we’re hiring again! We’re looking for 100X engineers, top-tier talent in sales, operations, and more to join us on this journey. What’s next for PowerTrade? We’re gearing up for an ambitious expansion:   - DEX Platform: Expanding to other chains (hello, BASE!).   - CEX Platform: Pursuing regulatory approvals in reputable jurisdictions like Europe under FINMA and potentially one other major regulator.  Our mission is to become the go-to platform for crypto options, covering 200+ altcoin markets, structured products, and beyond. And that’s not all—stay tuned for updates on exciting partnerships in the Gulf region we’ll announce soon. The future is bright, and the opportunities are massive. If you’re passionate about crypto, innovation, and being part of a record-breaking team, let’s connect!  

Founders, startup folks, and to the broader tech community in Saigon, 🎄 We cordially invite you to #Tech59 - the biggest holiday party of the year! 🎉 Hang out with fellow builders, innovators, and investors in a night of festivities with free drinks, delicious bites, lucky draw, and live music Date: Friday, December 6 Time: 5:00 - 9:00pm Location: The Sentry C (Sonatus Building, District 1) Free tickets are limited, get them while they last! https://lu.ma/wgelzjj6 Proud to co-organize with The Sentry (Thuy Hoang, Greg Ohan) Huge shout out to our amazing sponsors! #startup #tech #events #hochiminhcity #hcmc #vietnam #tech59chrismasbash

Congratulations to the Coolmate team on their $6M Series B! We are proud to have supported their journey from the early days and thrilled to see them leading the way as a top D2C men's apparel brand in Vietnam and expanding across Southeast Asia 👏 ! #fundingnews #vietnamtech #startupnews #seasiatech #madeinvietnam #coolmate cc Nhu Pham Hiep Nguyen Xuan Lan Nguyen Hoai 🥂

🎃 Tech nerds, unite! Join us for the spookiest networking night of the year at Tech59's official launch! Every first Friday we're bringing Vietnam's tech ecosystem together, but this one's special - we're kicking off in Halloween style! 🦇 Free Heineken? ✅ Amazing food? ✅ Cool prizes for best Halloween costume? ✅ 200 of Vietnam's brightest tech minds? ✅ 📅 Nov 1, 5PM @ The Sentry P, D2 (limited spots!) Thanks to our amazing sponsors HEINEKEN Vietnam, @SPARK Hub - RMITUniversity, The Grand Ho Tram, and @OMA Hue Eatery for making this happen! The Sentry Thuy Hoang Greg Ohan #Tech59 #VietnamTech #Startup #Networking #TechCommunity #HoChiMinh https://lu.ma/t877coec

Editor’s note: Discover Vietnam Tech is a new series where we dive deep into the vibrant and rapidly growing tech and innovation ecosystem of Vietnam. In this collection of interviews and editorials, we will spotlight key players—entrepreneurs, innovators, and thought leaders—who are driving the country’s emergence as a global tech hub. Through candid conversations with industry leaders, we aim to explore the opportunities, challenges, and breakthroughs shaping Vietnam’s tech landscape. From emerging technologies like AI and blockchain to the nation’s efforts to nurture homegrown talent and innovation, Discover Vietnam Tech will give you exclusive insights into how Vietnam is positioning itself at the forefront of the global technology scene. In this interview with AVV (Ascend Vietnam Ventures) General Partner Binh Tran, he noticed there are more tech startups in Vietnam demonstrating a growing ambition to expand their reach and compete on a global scale. He sees more founders who think bigger, build for the world, and expand beyond Vietnam’s borders. Tran also shared his views and suggestions on how to improve the tech ecosystem in Vietnam and AVV’s fundraising plan, among others. #DiscoverVietnamTech #Vietnam #tech Read more: https://lnkd.in/gVyfgFQU

🚀 𝗠𝗲𝗲𝘁 𝗢𝘂𝗿 𝗔𝗩𝗩 𝗙𝗲𝗹𝗹𝗼𝘄𝘀! 🚀 At AVV, we’re always on the lookout for not just great founders, but exceptional talent. That’s why we’ve launched our 𝗔𝗩𝗩 𝗙𝗲𝗹𝗹𝗼𝘄𝘀𝗵𝗶𝗽 𝗣𝗿𝗼𝗴𝗿𝗮𝗺—a 6-month journey designed to help top talent from other industries break into venture capital. Our goal? 𝗚𝗿𝗼𝘄 𝘁𝗵𝗲 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗮𝗻𝗱 𝘃𝗲𝗻𝘁𝘂𝗿𝗲 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 by creating more founder-friendly investors, giving founders more choices to find the right partners. 🌱 ✨ Introducing our inaugural AVV Fellows: • 🦄 Phuong Nguyen, Do Lan: Ex-Management Consultant and E-commerce Founder turned startup enthusiast. Thrilled to back bold, visionary founders from day one. On the lookout for game-changing startups in AI, Edtech, Agritech, and consumer tech • 🚀 Cassandra Orion: Ed-tech founder; storytelling and creative marketing expert with 18+ years working for clients like Twitch, L’Oreal, Amazon, LinkedIn, and IDEO. Excited to help visionary founders make a global impact. • 🌍 Ellie Trang N.: Ex-founder, Ex-PE, and Tech consultant. Will walk the extra mile to turbocharge local founders with global dreams. Looking for start-ups in consumer tech, cybersecurity, and blockchain. 📩 𝗙𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝗮𝗻𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀—connect with our fellows! They’re here to learn, support, and grow with you. Let’s build the future together! 💡 #VentureCapital #venturecapitalfellowship #vietnamstartups #startups #SEAstartups #networking

"How to Fundraise from SEA and Global VCs" is only a few days away! Join us to learn the strategies and best practices to successfully approach and win traditional VCs, CVCs, and venture debt providers. Get your fundraising questions answered! Register now to reserve your seat! https://lu.ma/ew71ryq8 Discussion: How to Fundraise from SEA and Global VCs 📅 Friday Sep 20th, 4:30PM 📍Location: The Sentry (exact location sent via email upon registration) 🍸Refreshments will be provided. Brought to you by Xendit ,Innoven Capital SEA , Accion , GHARAGE and AVV (Ascend Vietnam Ventures). Sponsored by The Sentry #founder #fundraising #SEA #VC #Vietnam #capital #startups #venturecapital #TheSentry

Acclime Vietnam is delighted to announce the release of the comprehensive industry report: Breaking the #Digital Frontier: Innovations Shaping Vietnam’s Transformation 2024 - 2025, supported by UOB Vietnam and investor community partner AVV (Ascend Vietnam Ventures). Our comprehensive report delineates the intricacies of Vietnam's digital economy and its transformational journey towards sustainable development, offering investors a systematic and in-depth understanding of the digital ecosystem in Vietnam. Key highlights of the report: 💡 Digital Transformation landscape in Asia & SEA 💡 Eagle-eye view on the digital economy 💡 Digital Transformation in Vietnam Snapshot 💡 Digital Transformation the way to sustainable development 💡 Exclusive market insights and analysis on digital sectors in Vietnam 💡 Regulatory compliance and the path toward sustainable growth 👉 View the full report here: https://lnkd.in/gQGwtm54 The press release link can be viewed here: https://lnkd.in/gE8imXDb We acknowledge the significant contributions to this report from UOB’s research and marketing team, AVV (Ascend Vietnam Ventures)'s Binh Tran, Special thanks to all our contributors and business leaders: DC Lim, Michael N., Long Phan, TECHCOOP and Huy Pham for their contributions to this report.

And we're off to a strong start! Bloomberg's coverage of the launch of Vietnam Private Capital Agency underscores the significance of this moment for Vietnam's investment landscape. Our vision is clear: To help the industry achieve $35 billion in private capital investments by 2035. VPCA strives to foster the growth of a vibrant venture capital and private equity ecosystem in Vietnam, promoting the best practices for our industry to accelerate capital output, industry talent, and value creation. Read more: https://lnkd.in/ga_AMZ27 #VPCA #privateequity #venturecapital #investment #startup