In brief: YC invests in Vietnam’s fintech Anfin; Taiwan’s fashion e-commerce startup Rosetta.ai raises US$2.4M

Vietnam’s stock trading app Anfin gets US$125K from YC

The crux: Anfin, a Vietnam-based stock trading app development company, announced it raised US$125,000 from YC and will join YC W22 Batch from January to March next year.

Investors: Besides YC, Anfin also took angel investments from unnamed directors at Temasek and Coinbase.

Plans: The proceeds are utilised to further develop Anfin’s product into a full trading app for beginners. The startup will also focus on building and strengthening features, such as education, fractional shares and company storytelling.

About Anfin:

Founded in June 2021 by CEO Phuoc Tran and CPO Michael Do, Anfin is a stock investment app that enables users to buy and sell stocks with small capital starting at only VND50,000 (around US$2). The app also allows the trading of fractional shares, which is counted as one of Anfin’s unique selling points.

Last month, the startup raised US$510,000 from First Check Ventures, R2 Venture Partners, and Global Founders Capital (GFC), which is an early investor of companies such as Facebook, LinkedIn, Lazada, and Slack.

Also read: Pocket power: 27 personal finance startups in SEA to help you manage money

Rosetta.ai raises US$2.4M pre-Series A to scale AI-based fashion e-commerce service globally

The story: Rosetta.ai, a Taiwan-based AI technology company, has closed its US$2.4 million pre-Series A financing round led by Dr. Pehong Chen, the founder of NASDAQ-listed software vendor BroadVision.

Co-investors: 500 Global, Artesian VC, Angel To Venture Accelerator, Loyal VC, and SOSV MOX.

Plans: The new funding will be channelled to develop Rosetta.ai fashion-optimised personalisation products and broaden its talent pool to foray into the US and Europe, Middle East and Africa (EMEA) markets.

About Rosetta.ai

Launched in 2016, Rosetta.ai employs image-based machine learning to provide online fashion retailers with products including website personalisation, marketing email personalisation, and preference analysis insights.

The startup claims that its insights, including colour, material, and style, cannot be observed in other analytics tools such as Google Analytics, and can generate accurate recommendations for brands. This is thanks to the in-house fashion industry experts that train the AI to recommend visually precise images and well-written fashion-industry attributes.

So far, Rosetta.ai has a client base of over 1000 Asian businesses, including both small and midsize merchants on Shopify and large brands such as L’Oreal, Codibook, and Blue Way.

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Image Credit: Anfin

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,In brief: YC invests in Vietnam’s fintech Anfin; Taiwan’s fashion e-commerce startup Rosetta.ai raises US$2.4M | e27
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