Sendo is described in the article as a Vietnam-based e-commerce firm and marketplace. The company has closed a $61 million Series C funding round. The round included participation from existing shareholders as well as new investors. Named new investors include Indonesia’s EV Growth and Thailand’s Kasikornbank. The article does not provide operating metrics, use-of-proceeds details, or further product or roadmap information. Sen Do Technology operates the Sendo C2C marketplace, offering more than 10 million products on its platform. The company combines its marketplace with logistics providers and banks to provide customers a full package of guaranteed transactions. It serves more than 300,000 sellers and millions of buyers across all 63 provinces in Vietnam, with a focus on Hanoi, Ho Chi Minh City and Tier 2 cities where 70 million people live. Sendo’s fintech subsidiary FPT Wallet (SenPay) received an e‑payment license from the State Bank of Vietnam in 2016. The company intends to use the funds to expand the C2C Sendo platform, launch the B2C marketplace SenMall, and accelerate the reach of SenPay in Vietnam.

Total raised

$112M

Funding rounds

2

Latest round

Series C

Latest activity

Nov 2019