VinaCapital to acquire Smartly Pte.

VinaCapital, one of Vietnam’s leading investment companies has agreed to acquire Smartly Pte, one of the first robo-advisory investment platforms. Financial terms were not disclosed. “By partnering with VinaCapital, we took a different approach to launching a robo-advisory platform than the rest of the pack. We were able to allocate valuable capital to places where it was most needed, stay focused on execution, and maintain strong financials and unit metrics. VCG Partners clearly saw the potential of the market and the platform. This acquisition of Smartly’s operations and the additional capital injections will enable Smartly to scale-up, expand to new markets, and realize its full potential to become the leading digital wealth management platform in the region.” Keir Veskivali, Smartly Founder.