FinX

What FinX does

FinX is a Vietnam-headquartered fintech building what it describes as the country's first pure-play digital bank. Launched in January 2022 under Galaxy FinX Joint Stock Company (with FinX B.V. as the Dutch-incorporated parent) and based at PV Gas Tower in Ho Chi Minh City, the company targets Vietnam's estimated ~70% unbanked and underbanked population alongside the broader mass-market consumer base and SMEs. Its product roadmap spans eight verticals — Investments, Lending, Savings, Lifestyle Perks, Payments, Insurance, Loyalty Rewards, and SME services — distributed through a digital-first, mobile-led model with no physical branch infrastructure.

The platform is engineered on a modern cloud-native stack. AWS is the underlying cloud, with Thought Machine's Vault core banking platform (deployed for the first time in Vietnam) providing API-driven, microservice-based core banking with smart-contract configurability. Episode Six's Tritium delivers card and payment processing with 550+ APIs and connections to Vietnam's domestic financial switch. The application layer uses React Native for mobile clients and Java/Spring Boot for backend services, orchestrated via Kubernetes on Amazon EKS. Infrastructure is managed through Terraform, with GitLab CI/CD and ArgoCD for GitOps workflows; data infrastructure combines PostgreSQL, DynamoDB, Redis, and Apache Kafka, supported by an AWS Landing Zone architecture with multi-account Control Tower governance and a DevSecOps framework covering SAST, DAST, SCA, IaC scanning, OPA/Kyverno policy enforcement, container scanning, EDR, and CSPM.

The revenue model is built around multiple financial product streams — expected to include account fees, transaction fees, interchange, and interest margins on lending — though specific pricing is not publicly disclosed. The go-to-market is direct-to-consumer digital via mobile, with stated ambitions to extend across Southeast Asia (Singapore, Malaysia, Thailand, Indonesia). As of late 2022, the company had scaled to approximately 100 employees drawn from over 14 nationalities, with the consumer platform planned for end-of-Q1 2023 launch; no revenue, funding, or active customer figures have been disclosed.

Name

FinX

Legal name

FinX B.V.

Website

https://galaxyfinx.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

FinX is a Vietnam-based fintech building the country's first pure-play digital bank, targeting the ~70% unbanked and underbanked population and SMEs with a mobile-led platform offering investments, lending, savings, payments, insurance, and loyalty services. The cloud-native stack combines Thought Machine Vault core banking and Episode Six Tritium payments.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Depository Credit Intermediation (5221), Credit Card Issuing (52221)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)

akta.pro secondary industries

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

Keywords

• Digital banking
• Consumer lending
• SME banking
• Payment processing
• Financial services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Digital Banking Services: Revenue generated from financial products and services including investments, lending, savings, payments, insurance, and SME services offered through the digital banking platform. Multiple revenue streams from diverse financial product offerings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

FinX is a fintech builder constructing a pure-play digital bank in Vietnam offering multiple financial product verticals including investments, lending, savings, payments, insurance, lifestyle perks, loyalty rewards, and SME banking services. The platform is built on AWS cloud infrastructure using Thought Machine's Vault core banking system and Episode Six's Tritium payment processing, and is targeted at Vietnam's mass market, particularly the unbanked and underbanked population estimated at around 70% of citizens.

Product overview

FinX (Galaxy FinX) is a fintech company in Vietnam building a digital banking platform. Their product portfolio includes digital banking services across multiple verticals including Investments, Lending, Savings, Payments, Insurance, Lifestyle Perks, Loyalty Rewards, and SME services. The company operates as a pure-play digital bank builder in Vietnam, having partnered with Thought Machine (for core banking infrastructure via their Vault platform built with APIs and microservices) and Episode Six (for payment processing and card services via their Tritium platform).

Differentiator

Problem solved

Functional benefit

Products and services

• Investments

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Episode SixcoreTechnology or Integration · 16 June 2022Episode Six provides modern cloud-based card and payment processing through their Tritium platform, including consumer credit- and debit-card services as well as connections to Vietnam's domestic financial switch services. The partnership represents Episode Six's first partnership in Vietnam and first with a pure-play virtual-bank builder in Southeast Asia. Tritium offers over 550 APIs for digital wallet management, card scheme processing, and transfers across bank networks.
• Thought MachinecoreTechnology or Integration · 28 February 2022Thought Machine provides Vault, their next-generation core banking platform built around APIs using microservice architecture and utilizing smart contracts. This represents FinX's first deployment of a core banking solution in Vietnam, chosen after an extensive selection process for its modern, configurable architecture that can handle any type of bank products from simple to complex.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Timo by VPBank: Timo is one of Vietnam's earliest digital-only banks, launched in partnership with VPBank. It directly competes with FinX in the consumer digital banking space with savings, payments, and lifestyle products targeting Vietnamese consumers.
• Cake by Be Group: Cake is a Vietnam-based digital bank operated by Be Group offering consumer accounts, payments, and lending. It is one of FinX's most direct competitors for the same Vietnamese consumer digital banking segment.
• TNEX by MSB: TNEX is a digital bank launched by Maritime Commercial Joint Stock Bank (MSB) in Vietnam. It is comparable to FinX as another licensed digital banking platform targeting Vietnamese retail customers with savings and payments products.
• MoMo: MoMo is Vietnam's largest e-wallet and consumer fintech super-app with payments, lending, investments, and insurance. It competes with FinX across most consumer fintech verticals in Vietnam and represents the dominant non-bank incumbent in this market.
• ZaloPay: ZaloPay is a major Vietnamese e-wallet and payments platform operated by VNG. It competes with FinX on payments and adjacent financial services and is one of the established players FinX must differentiate against.
• VNPay: VNPay is Vietnam's dominant payments infrastructure and e-wallet provider with extensive merchant and bank partnerships. It competes with FinX in payments and serves as a benchmark for digital payment scale in the same market.

Emerging players

• Akulaku: Akulaku is a Southeast Asian consumer finance and digital banking platform with significant operations in Indonesia and Vietnam. It is comparable to FinX as a regional fintech expanding consumer lending and digital financial services across SEA.
• Jenfi: Jenfi is a Singapore-headquartered fintech providing revenue-based financing and digital banking infrastructure to SMEs in Southeast Asia. It is comparable to FinX as an emerging SEA fintech pursuing consumer and SME financial services through digital channels.

Broad incumbents

• Techcombank (TCB): Techcombank is one of Vietnam's largest private banks and a major competitor in the consumer and SME digital banking space. It is comparable as a broad incumbent increasingly competing with FinX through its own digital channels.
• Kakao Bank: Kakao Bank is one of Korea's leading internet-only banks, offering consumer lending, deposits, and investments via a mobile-first platform. It is comparable to FinX as a regional reference point for a successful pure-play digital bank business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/galaxy-finx

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FinX