TNEX
TNEX is a Vietnam-based digital banking and consumer finance platform offering consumer loans, BNPL, merchant financing, and payment accounts via MSB. It serves underbanked Vietnamese consumers and small e-commerce merchants, distributed through Zalo and telco ecosystems, with 3.4 million users in 2024.
- Company typePrivate
- Founded2018
- HeadquartersHanoi, Vietnam
- Headcount51–100
- GTM typeB2C
- OfferingServices
What TNEX does
TNEX is a Vietnam-based digital banking and consumer finance platform founded in 2018-2019 and headquartered in Hanoi. It offers a mobile-first suite that includes consumer loans, buy-now-pay-later (BNPL), e-commerce seller financing, savings products, and a payment account issued in partnership with Maritime Commercial Joint Stock Bank (MSB). Its stated mission is to serve underbanked Vietnamese consumers and small online merchants who are poorly served by traditional retail banks.
The platform is built on a banking-as-a-service architecture, with the Mambu cloud core banking system handling account, deposit, and ledger infrastructure, and MSB acting as the licensed banking partner for regulated activities such as payment accounts. Distribution is anchored in major Vietnamese digital ecosystems, including Zalo, VNPT, Mobifone, and ViettelPay, which provide user acquisition and payment rails that TNEX does not have to build from scratch. By 2024 the company reported approximately 3.4 million users, up roughly 70% year-over-year.
TNEX monetizes primarily through interest income on consumer and merchant credit, interchange and take-rate fees from BNPL and merchant financing, and fees on deposits and payment services routed through its banking partner. The company is private, headquartered in Hanoi, and employs 51-100 people as of the most recent disclosed period. It has not publicly disclosed funding rounds, revenue, or loan-book size, and has accumulated more than 20 industry awards including The Asian Banker "Best Digital Bank in Vietnam 2024."
TNEX firmographics
Firmographics- Name
- TNEX
- Legal name
- TNEX Finance Company Ltd
- Website
- https://tnex.com.vn
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- TNEX is a Vietnam-based digital banking and consumer finance platform offering consumer loans, BNPL, merchant financing, and payment accounts via MSB. It serves underbanked Vietnamese consumers and small e-commerce merchants, distributed through Zalo and telco ecosystems, with 3.4 million users in 2024.
- Ownership category
- akta.pro rank
TNEX industry classification
Industry- NAICS
- Sales Financing (52222), Sales Financing (522220)
- SIC
- Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)
- akta.pro primary industry
- Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG)
- akta.pro secondary industries
- BNPL Consumer Apps & Wallets (Discovery, Management) (FSAGAIAG), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC), Buy Now, Pay Later (BNPL) (CRAFALAD)
Keywords
Where TNEX is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
TNEX business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Consumer Lending Interest Income: TNEX generates primary revenue from interest charged on consumer loans and seller financing. Loan products include consumer loans (vay tiêu dùng) with competitive rates, flexible tenures, and no hidden fees; e-commerce seller loans up to 100 million VND with terms up to 36 months.
- BNPL Transaction Revenue: Revenue from Buy Now Pay Later service with credit limits up to 20 million VND. Interest-free period of up to 35 days generates revenue through merchant transaction fees or interest on extended repayment periods.
- Banking Services (via MSB Partnership): Banking utilities including QR payments, fund transfers, bill payments, and mobile top-ups are provided through partnership with Maritime Commercial Joint Stock Bank (MSB). Revenue sharing arrangements with MSB for services branded TNEX by MSB.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Consumer Loan - No income proof required, CCCD only |
| Transaction based/ take rate | Monthly | E-commerce Seller Loan - Up to 100 million VND |
| Freemium | Pay-as-you-go | Buy Now Pay Later (BNPL) - Up to 20 million VND credit limit |
| Freemium | Pay-as-you-go | Banking Services (TNEX by MSB) - Free QR payments and transfers |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
TNEX product offering
Product offeringCore offering
TNEX is a Vietnam-based digital banking platform (neobank) that offers consumer personal loans, buy-now-pay-later (BNPL) financing, a payment/current account with an associated debit Mastercard, and savings products through its proprietary mobile application. Banking infrastructure, regulatory backing, and card issuing are provided in partnership with Vietnam Maritime Commercial Joint Stock Bank (MSB).
Product overview
TNEX is a comprehensive digital financial platform operating on a platform-plus-partner model. The core offering consists of three primary financial products — consumer lending (Vay tiêu dùng), e-commerce seller financing (Vay cho nhà bán hàng trên sàn TMĐT), and a buy-now-pay-later service (Tiêu trước trả sau) — all accessible through the TNEX mobile application. Banking infrastructure and utilities (payment accounts, savings, money management) are delivered under the 'TNEX by MSB' sub-brand, powered by MSB (Vietnam Maritime Commercial Joint Stock Bank). Additional features include a savings jar (Hũ tích lũy), multi-purpose fund (Quỹ đa năng), and a group expense-splitting feature for travel. The platform serves over 2.6 million users and has won more than 20 awards.
Differentiator
Problem solved
Functional benefit
Products and services
- TNEX Payment Account (Current Account)
- TNEX Mastercard Debit Card
- Consumer Personal Loans
- Buy Now Pay Later (BNPL)
- TNEX Savings Products
Quantifiable outcome
- 70% user growth reaching 3.4 million users in 2024
- +2 more outcomes
Companies that use TNEX
Customer profileNamed customers15 records
Segments2 records
Ideal customer profiles2 records
TNEX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature6 records
TNEX partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, major and minor.
- MSB (Maritime Commercial Joint Stock Bank)coreStrategic partnership where MSB provides banking infrastructure for TNEX by MSB branded services including current accounts, savings products, QR payments, and fund transfers. This partnership is fundamental to TNEX's ability to offer regulated banking services.
- MISAcorePartnership to connect financial solutions for businesses and business households (hộ kinh doanh), enabling SME customers to access TNEX financial products through MISA's business management ecosystem.
- MobifonemajorIntegration of TNEX financial products on My Mobifone platform, expanding distribution reach to Mobifone's telecommunications customer base.
- Viettel PostmajorDistribution partnership extending financial service reach through Viettel Post's nationwide logistics network, providing physical distribution points for TNEX services.
- CellphonemajorPartnership expanding customer touchpoints through Cellphone's technology retail store system, enabling in-person access to TNEX financial services.
- 9payminorIntegration of TNEX financial products for sellers on Tingting app, enabling e-commerce sellers to access financing solutions within the Tingting marketplace.
- Vui AppminorCollaboration to develop financial solutions for workers/laborers, expanding financial inclusion to underserved workforce segments.
- HURCminorPartnership to expand digital financial access within urban traffic ecosystem, reaching commuters and transportation service users.
- VuongminorIntegration of business capital financing solutions into digital management platform, targeting business customers with financing needs.
- Fiza (Zalo Ecosystem)coreIntegration of TNEX financial products into Zalo ecosystem through Fiza, leveraging Vietnam's dominant messaging and social platform for distribution.
- KiotVietmajorComprehensive digital financial solutions partnership with KiotViet's retail management platform, serving SME and retail business customers.
- VNPT MoneymajorPartnership to develop digital financial solutions on VNPT Money app, leveraging VNPT's telecommunications infrastructure and customer base.
- ZaloPaycoreJoint product development partnership with ZaloPay for breakthrough financial products, leveraging Zalo's platform capabilities and user base.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
TNEX competitors and assessment
Company assessmentDirect peers
- Timo: Vietnamese digital bank offering mobile-first current accounts, savings and consumer lending. Directly comparable to TNEX as a domestic neobank competing for the same Gen Z and underbanked consumer base.
- Akulaku: SEA digital consumer finance and BNPL platform with presence in Indonesia, Philippines and Vietnam. Comparable product mix of consumer credit, BNPL and digital banking features targeting underbanked consumers.
- Atome: SEA-focused BNPL provider active in Vietnam among other markets. Directly comparable on BNPL mechanics, merchant integration and consumer credit underwriting, though operating across multiple geographies.
- ZaloPay: Zalo-ecosystem payment and lending platform. A TNEX distribution partner via Fiza, but also a direct competitor in Vietnamese digital payments and consumer credit with far larger reach.
- Cake by VPBank: VPBank-backed Vietnamese neobank that, like TNEX, deploys on Mambu's core banking platform. Comparable product set spanning consumer lending, BNPL-style credit and digital banking utilities in Vietnam.
- Kredivo: Indonesia-headquartered digital lender and BNPL provider with similar CCCD-only / thin-file underwriting approach. Comparable as a regional digital consumer credit and BNPL platform.
Broad incumbents
- MoMo: Vietnam's leading super-app wallet with tens of millions of users, an established payment and consumer credit product set. Comparable as a broader incumbent that overlaps with TNEX's BNPL, payments and consumer lending lines.
- VNPay: Dominant Vietnamese payment gateway linked to most domestic banks. Comparable as a wider incumbent in the digital payments and merchant finance stack that TNEX competes within for BNPL and consumer credit distribution.
- Mirae Asset Finance Vietnam: Vietnamese consumer finance arm of Mirae Asset with a heavy digital lending focus. Comparable as an established incumbent in Vietnam's unsecured consumer lending market that TNEX overlaps with.
- FinViet (FE Credit): One of Vietnam's largest consumer finance companies, focused on unsecured personal loans and BNPL through retail and e-commerce channels. Comparable as a broader incumbent in Vietnamese consumer credit.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
TNEX social profiles
Digital presenceTNEX financial estimates
Financial estimateRevenue estimate
Valuation estimate
TNEX leadership team
Management profileNumber of profiles
Profiles3 records
TNEX funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TNEX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TNEX
What does TNEX do?
TNEX is a Vietnam-based digital banking platform (neobank) that offers consumer personal loans, buy-now-pay-later (BNPL) financing, a payment/current account with an associated debit Mastercard, and savings products through its proprietary mobile application. Banking infrastructure, regulatory backing, and card issuing are provided in partnership with Vietnam Maritime Commercial Joint Stock Bank (MSB).
Is TNEX a public or private company?
TNEX is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TNEX founded?
TNEX was founded in 2018. It employs 51 to 100 people.
Where is TNEX based?
TNEX is headquartered in Hanoi, Vietnam, in the Asia region.
How does TNEX make money?
Three revenue lines are on record. Consumer Lending Interest Income is the primary driver. The others are BNPL Transaction Revenue and banking Services (via MSB Partnership).
Who are TNEX's main competitors?
Direct peers on record are Timo, Akulaku, Atome, ZaloPay, Cake by VPBank and Kredivo. Broad incumbents are MoMo, VNPay, Mirae Asset Finance Vietnam and FinViet (FE Credit).
Does TNEX have an API?
No public API is recorded for TNEX.
What industry is TNEX in?
Its primary akta.pro industry code is BPAMAFAG, Buy Now, Pay Later (BNPL) Platforms, with a secondary code of FSAGAIAG, BNPL Consumer Apps & Wallets (Discovery, Management). Its NAICS code is 52222 and its SIC code is 6153.