Riviu benefited from operating in a country with a young population, where 28% of its total 59.2 million internet users are between 25 and 34 years old.

“Mobile financial services will be the game changer,” said Turnell.

The fresh capital will provide MyMy the regulatory capital needed to apply for an e-money license from Bank Negara Malaysia.

Global revenue from e-sports is expected to grow to USD 1.1 billion in 2020, up 15.7% from USD 950.6 million in 2019.

The investment will help expand the platform’s retail merchant network and accelerate the adoption of digital payment in the country.

Jari provides a cloud solution that supports debt collectors to recover loans with its app Jarco.

Lightspeed Venture Partners focuses on Indonesia, Singapore, and Vietnam, looking for tech companies in edtech, fintech, and those helping SMEs go digital.

Access to credit is still one of the greatest obstacles to the growth of small and medium-sized enterprises (SMEs) in Vietnam, where only 39% of the SMEs have bank loans.