What Tingee does

Tingee is a Banking-as-a-Service (BaaS) platform operated by Vietnamese joint-stock company Công ty Cổ phần Công nghệ HENO (Tax ID 0109823770), headquartered at Hồ Gươm Plaza, 102 Trần Phú, Hà Đông, Hanoi. The platform exposes a single REST Open API that aggregates financial infrastructure from multiple Vietnamese banks — including OCB, BIDV, MB Bank, VPBank, Sacombank, and ACB — alongside three electronic-invoice providers (XCyber, HiLo, SInvoice). Its product surface spans Banking & Virtual Account APIs, QR Code APIs (static VietQR and dynamic), a TingeeBox IoT audio device for point-of-sale confirmation, Deep Link pay-by-bank, hosted Payment Gateway, Direct Debit, and Disbursement (Chi hộ) with instant 24/7 rails through VietinBank and Maker/Checker approvals through BIDV. Official SDKs are published for Node.js/TypeScript, Java, C#/.NET, and PHP, with HMAC-SHA512 authentication and webhook-based real-time notifications.

Tingee's commercial model is B2B BaaS, serving 1,500+ enterprise customers across real estate, healthcare, education, retail/F&B, software platforms, e-commerce, and transportation/on-demand services, with 200,000+ business points and 1M+ daily transactions processed through the platform. GTM is API-first: developer onboarding via a public sandbox at developers.tingee.vn, self-serve account creation at app.tingee.vn, direct enterprise sales for large deployments, distribution through partner banks' merchant bases, and channel resale via SaaS/ERP/POS platform partners. Revenue is generated primarily via transaction-based fees (per-payment processing, QR, virtual account management, direct debit) with custom enterprise pricing and monthly billing; specifics are not publicly disclosed. The company holds ISO 27001:2022 certification for information security management.

Tingee's competitive positioning is anchored on integration interoperability — a single API abstracts multi-bank connectivity that competitors typically require customers to integrate one bank at a time — combined with deep verticalized use-case templates (rent collection, tuition collection, POS reconciliation, salary disbursement). Its strategic moat is reinforced by core-tier partnerships with all six major bank counterparties, three e-invoice vendors, and a proprietary IoT device line, while go-to-market scale is amplified through layered distribution (bank, software-platform channel, direct enterprise, self-serve developer). The company does not disclose funding, headcount beyond the 1–10 firmographic band (which likely reflects the core product entity within the broader HENO JSC), or revenue, leaving growth signals to be inferred from partnership cadence and product expansion rather than financial reporting.

Name

Tingee

Legal name

Công ty Cổ phần Công nghệ HENO

Website

https://tingee.vn

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Tingee is a Vietnam-based Banking-as-a-Service platform that aggregates multi-bank connectivity, payments, virtual accounts, QR, IoT, and e-invoicing into a single REST API. It serves 1,500+ enterprise customers across real estate, healthcare, education, retail, and software platforms via transaction-based pricing.

Ownership category

akta.pro rank

Product category

Payment Infrastructure APIs (Banking-as-a-Service)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Payment infrastructure APIs
• Banking-as-a-service platform
• Open banking integration
• Electronic invoicing solutions
• QR payment processing

Headquarters

HQ city

Hanö

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Processing Fees: API-based transaction fees for payment processing, QR code payments, virtual account management, and Direct Debit services. Revenue generated per transaction processed through the platform.
2. API Access/Subscription: Access to production API environment with dedicated support. Sandbox environment available for free testing.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Tingee is a Banking-as-a-Service (BaaS) platform that provides Vietnamese enterprises and software platforms with a single Open API to integrate payment processing, multi-bank connectivity, virtual accounts, QR code payments, electronic invoicing, direct debit, disbursement, and point-of-sale device notifications. Its offering centers on the Tingee Open API Platform plus the TingeeBox IoT audio device, enabling automated cash flow management and reconciliation across verticals including real estate, healthcare, education, retail, and SaaS.

Product overview

Tingee is a comprehensive BaaS (Banking as a Service) platform providing a unified API ecosystem for payment and financial infrastructure. The core offering is the Tingee Open API Platform, which delivers Banking API, Financial API, E-invoice API, QR Code API, Payment Gateway, and Deep Link services through a single integration. The product suite includes TingeeBox (IoT audio device for POS payment confirmation), Master Merchant Management for multi-tier operations, Direct Debit for automated collections, and Disbursement (Chi hộ) for business payments. All capabilities are accessible via REST API with official SDK support for Node.js, Java, C#/.NET, and PHP, enabling automated cash flow management, reconciliation, and electronic invoice handling across banking partners including OCB, BIDV, MB Bank, VPBank, ACB, and Sacombank.

Differentiator

Problem solved

Functional benefit

Brands

• TingeeBox: IoT payment device that announces transaction confirmations instantly at checkout counters. Includes TingeeBox 3LS model.

Products and services

• Tingee Open API Platform Unified Banking-as-a-Service API platform that lets Vietnamese enterprises and software platforms integrate payment processing, virtual accounts, QR codes, banking, and invoicing through a single connection.
• Banking API (API Ngân hàng) API that connects to Vietnamese bank accounts for real-time transaction updates, automatic verification, and reconciliation, including virtual account creation, balance notification registration, and account management.
• Financial API (API Tài chính) API for payment processing, disbursement (chi hộ), and automatic direct debit (trích nợ) through Open API, enabling automated cash flow operations for businesses.
• TingeeBox IoT speaker device that integrates with Tingee systems to emit real-time audio notifications for payment confirmations at the point of sale / checkout counter.
• E-invoice API (Hóa đơn điện tử) Electronic invoice integration API supporting XCyber, HiLo, and SInvoice providers, enabling invoice creation, issuance with HSM signing, PDF download, and email delivery to buyers.
• QR Code API API generating static VietQR codes for fixed-point payments and dynamic QR codes for order-specific transactions, with automatic reconciliation and flexible expiration settings.
• Master Merchant Management Multi-tier merchant management API that enables Master Merchants to create and manage sub-merchants, retail locations (Shops), and payment devices through a unified interface.
• Payment Gateway Hosted payment interface solution that optimizes conversion rates and removes the need for partners to build their own payment UI.
• Deep Link (Pay by Bank) Deep link API that enables payment by opening the customer's bank app directly on mobile, with redirect results returned to the partner system.
• Direct Debit (Trích nợ tự động) Automatic debit service supporting scheduled payments with optional customer confirmation via email or Zalo notification before funds are deducted.
• Disbursement (Chi hộ) Automated business payment solution supporting instant 24/7 disbursements via VietinBank and Maker/Checker approval workflows via BIDV for salary, commission, and supplier payments.
• Tingee SDK Official SDK libraries for Node.js/TypeScript, Java, C#/.NET, and PHP that automate HMAC-SHA512 signing, timestamp management, and HTTP header handling for faster, safer integration.

Quantifiable outcome

• 1M+ transactions processed daily
• +2 more outcomes

Named customers1 record

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core.

• Ngân hàng VPBankcoreTechnology or Integration · 10 October 2024Strategic partnership signed October 10, 2024 for building modern, secure payment systems for sellers and enhancing payment experiences for consumers. Milestone for long-term cooperation.
• Ngân hàng BIDVcoreTechnology or Integration · 15 March 2024Strategic partnership with Vietnam's largest commercial bank by total assets for upgrading payment experiences and supporting individuals and businesses with payment management. HENO provides QR transactions and instant transaction notifications.
• Ngân hàng MB Bank (Military Commercial Bank)coreTechnology or Integration · 3 March 2024Strategic partnership for open banking development. Both parties aim to promote open banking market development, providing convenient, fast, and satisfying service experiences for MB Bank and HENO customers.
• Ngân hàng OCB (Oriental Commercial Bank)coreTechnology or Integration · 12 September 2023Strategic partnership signed September 12, 2023 for building safe and convenient payment systems. Collaboration aims to create modern, secure payment systems for Vietnamese community with minimized errors and fraud prevention.
• Ngân hàng SacombankcoreTechnology or IntegrationPartnership for payment processing and banking API integration with Sacombank.
• Ngân hàng ACBcoreTechnology or IntegrationPartnership for banking services including virtual account creation and configuration for ACB business accounts.
• XCybercoreTechnology or IntegrationElectronic invoice provider integrated with Tingee platform for automatic invoice generation and issuance.
• HiLocoreTechnology or IntegrationElectronic invoice provider integrated with Tingee platform for automatic invoice generation and issuance.
• SInvoicecoreTechnology or IntegrationElectronic invoice provider integrated with Tingee platform for automatic invoice generation and issuance.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Napas (NATIONAL PAYMENT CORPORATION OF VIETNAM): State-backed Vietnamese payment switch connecting all domestic banks via VietQR and card networks. Competes as core infrastructure layer that Tingee integrates with for QR code payments.
• ZaloPay: Vietnamese payment platform backed by VNG and major banks, offering QR payments and merchant services. Overlaps with Tingee's QR and bank-connectivity offerings in the Vietnamese market.
• MoMo: Vietnam's leading e-wallet and consumer payment super-app with merchant acquiring and API-based services. Competes with Tingee in QR payments and merchant payment processing, though primarily consumer-facing.

Direct peers

• VNPay: Vietnam's largest payment gateway and fintech platform, providing QR payments, bank connectivity, and merchant APIs. Directly competes with Tingee in Vietnamese payment infrastructure for merchants and SaaS platforms.
• NextPay: Vietnamese payment gateway targeting SMEs with multi-bank connectivity and POS solutions. Directly competes with Tingee in the SME and merchant payment infrastructure segment.

Emerging players

• PayOS: Vietnamese payment gateway offering multi-bank API connectivity and merchant payment solutions. Emerging direct competitor in Tingee's core BaaS/payment API category.
• Casso: Vietnamese fintech providing business banking and financial APIs to SMEs. Competes with Tingee in offering API-based financial infrastructure to Vietnamese businesses.
• OnPay: Vietnamese fintech providing integrated payment and business management solutions. Competes with Tingee in merchant payment automation and SaaS platform integrations.
• StraitsX: Singapore-based BaaS and digital payments infrastructure provider. Comparable BaaS platform model though regionally different from Tingee's Vietnam focus.

Regional players

• KBank (KASIKORNBANK Vietnam): Thai bank with digital-only Vietnam operations (KBank Vietnam) offering BaaS-style APIs for Thai-Vietnamese cross-border payments. Comparable BaaS approach but regionally focused.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/tingeehub
• YouTubeyoutube.com/@heno_bnpl
• Facebookfacebook.com/tingee.vn
• LinkedInlinkedin.com/company/tingee

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Tingee