Vietnam Payment Solutions Joint Stock Company
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Vietnam Payment Solutions Joint Stock Company - overview
Established
2007
Location
Hanoi, -, Vietnam
Primary Industry
Financial Services
About
Founded in 2007 and based in Hanoi, Vietnam, Vietnam Payment Solution Joint Stock Company provides electronic and mobile payments to financial, banking, telecommunications, and e-commerce companies. As of July 2021, the company operates in 40 banks in Vietnam, 5 Telcos & over 200 e-commerce enterprises. In July 2021, the company received USD 250 million in Series B funding from General Atlantic, Dragoneer Investment Group, PayPal Ventures, EDBI, GIC, and SoftBank Vision Fund 1. The company provides electronic payment solutions that offer cashless payment networks for telcos, e-commerce, banks, and other financial institutions.
Vietnam Payment Solutions Joint Stock Company will use the funding to capitalize on the vast market opportunities by continuing to expand its sustainable, diversified, and multi-disciplinary digital ecosystem.
Current Investors
GIC, SB Investment Advisers, General Atlantic
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.vnpay.vn
Verticals
FinTech, Mobile Apps
Company Stage
Series B
Total Amount Raised
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Vietnam Payment Solutions Joint Stock Company - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,513,525,719,317 | - | 3,063,047,942,652 | 5,099,610,179,867 | 7,878,284,891,874 | 12,364,696,753,509 | 17,631,385,924,080 | 22,206,225,201,339 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 66.5% | 54.5% | 56.9% | 42.6% | 25.9% | - | - | - |
| EBITDA (USD) | 9,136,044,263 | - | 80,558,750,611 | 129,504,562,417 | 192,883,370,671 | 41,433,759,889 | 255,140,119,405 | 432,393,910,132 | - | - | - |
| Operating Income (USD) | 9,136,044,263 | - | 80,558,750,611 | 129,504,562,417 | 192,883,370,671 | 41,433,759,889 | 193,725,225,202 | 351,835,024,396 | - | - | - |
| Operating Margin | 0.6% | - | 2.6% | 2.5% | 2.4% | 0.3% | 1.1% | 1.6% | - | - | - |
| % EBITDA Margin | 0.6% | - | 2.6% | 2.5% | 2.4% | 0.3% | 1.4% | 1.9% | - | - | - |
| NET Income (USD) | 7,461,479,197 | - | 38,035,525,679 | 99,576,458,559 | 156,186,455,103 | 35,397,785,418 | 171,005,199,031 | 318,950,180,814 | - | - | - |
| % Net Margin | 0.5% | - | 1.2% | 2.0% | 2.0% | 0.3% | 1.0% | 1.4% | - | - | - |
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