The Venture Codex

Participated · Seed · Feb 2024

1Long is a Vietnam-based financial technology platform that helps users reach long-term financial objectives and democratizes wealth building by allowing investments from as little as VND 10,000. Its core products are two savings offerings, 1Safe and 1Term, which the company advertises with 6.6% annual returns and up to 9% rewards on long-term deposits. The platform removes fees on daily transfers and withdrawals to promote liquidity and lower barriers to access. Founded by a team of professionals from investment banking and Y Combinator, 1Long says it will use new capital to develop technology, expand partnerships with asset managers and financial institutions, and grow its team. The company plans to broaden its product set into bonds, stocks and real estate and to add value-added services such as tax and retirement planning. It also emphasizes community welfare by reinvesting in charitable and environmentally conscious initiatives.