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Vietnam merchant-platform startup raises $45m from KKR

KiotViet to use fresh capital for expansion into finance and logistics

A client browses for goods at a small shop in Hanoi. KiotViet claims it is serving over 110,000 similar businesses in Vietnam.   © Reuters

HANOI -- Vietnamese business-to-business startup KiotViet, a merchant platform for micro, small and medium enterprises (MSMEs), has raised $45 million in a Series B round from private equity company KKR with participation from existing investor Jungle Ventures.

The statement confirms DealStreetAsia's earlier report on KiotViet's fundraising plans.

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