GIC, SoftBank Are Said to Weigh Selling Stake in Fintech VNLife
GIC Pte. and SoftBank Vision Fund are reportedly considering selling their stakes in the Vietnamese fintech firm VNLife. The two firms, which are major investors in VNLife, are exploring the potential sale, according to people familiar with the matter. VNLife is a prominent player in Vietnam's rapidly growing fintech sector, offering digital payment solutions and other financial services. The potential divestment by GIC and SoftBank comes amid increasing interest in Vietnam's tech and startup ecosystem, which has attracted significant investment from global players. While the details of the potential sale, including the timeline and the size of the stakes involved, are not yet clear, the move reflects the ongoing evolution and consolidation in the Vietnamese fintech landscape.
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