Vietnam's First P2P Lending platform - Vaymuon.vn declares its profitable business and celebrates strategic partnership with Vietnam Payment Gateway - Nganluong.vn

HANOI,Vietnam,Jan. 3,2020 -- Vaymuon.vn (knownas Lendmo.asia in English) - the First and Largest P2P Lending Platform in Vietnam has disclosed that it becomesprofitableafter 2 years of official operation,successfully connected more than 2 million borrowers to 400,000+ individual lenders with the sustainable monthly growth rate of 20%; in which the retention rate remains stable at 70%.

Ms. Trang Dao - CEO of Vay Muon with her Core Team. Starting with solely 5 members,VayMuon.vn now employs more than 150 staff working in 3 offices in Vietnam,Myanmar and Cambodia

Not only does Vaymuon.vn succeedin Vietnam but it also successfully expands to regional markets including MyanmarandCambodia withnearly 200 employees at the beginning of 2019. Remarkably,all these 3 new markets have generated profit.

VayMuon.vn previously received notonly seed investment from Nexttech Group,its current strategic investor in exchange for 20% equitybut alsothe extensive synergized supports from Nexttech's multi-digital ecosystem whichappeared in "Top 10 influencers for internet growth in Vietnam during 2007-2017". With impressive operationalresults,Vaymuon.vn tends to skip Series-A to make towards to Series-B at the beginning of 2020.

Toachieve all the mentioned accomplishments,VayMuon.vn has continuously investing in the IT system and AI technologies to deploy automation in credit assessment & scoring as well as the approval of 70-80% loan applications without heavy dependence on paper-based procedures and human resources.To date,Vaymuon.vn has obtained "330" achievements which mean it only takes 3 minutes for customers to complete their online loan applications,30 minutes for loanappraisaland especially 3 "No" conditions: No collateral- No paperwork- No face-to-face meeting.

From2020,Vaymuon.vn will closely associate with NganLuong.vn - Vietnam's10-Year Largest Payment Gateway in terms ofScale and Profit,to developVietnam new potential markets of credit products including following products: online and offline shopping loansfor merchants,advanced salary loansfor workers,supply chain financingand SME funding. Depending on the extensive synergized supportand strongly available resources of 2 partners,the co-operation between Vaymuon.vn and Nganluong.vnwillsoon create variousopportunities for them tobecomeleadersin VietnameseFintech market within the next 3 to5 years.

Photo - https://photos.prnasia.com/prnh/20200102/2681203-1?lang=0