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gcash machine offlineTrusting Social announces a strategic partnership with the Masan Group and the initial close of its Series C round
Trusting Social announced today an investment of USD 65 million in the TrustingSocial Group from The Sherpa Company Limited gcash machine offline (“Sherpa”), a subsidiary of MasanGroup gcash machine offline Corporation (HOSE: MSN, “Masan”), for the initial close of its Series C round.The strategic collaboration between Trusting Social and Masan intends to developan AI-powered consumer tech platform that will offer customized retail andconsumer financial products to serve 27 million families in Vietnam. It will provideconvenient access to personalized fintech solutions for Masan’s consumers bycombining Masan’s offline-to-online vision with Trusting Social’s ability todemocratize financial services. In addition, the partnership will enable Masan todrive efficiencies in its core business by leveraging Trusting Social’s AI capabilitiesin areas as diverse as retail store selection, demand & supply planning, and productassortment & development.Trusting Social’s Founder and CEO, Nguyen Nguyen, PhD. said, “I am proud that aVietnamese team has created an innovative credit scoring Artificial Intelligence(“AI”) and Machine Learning (“ML”) platform that financial institutions across Asiaare utilizing to serve their consumers better. Our partnership with Masan is excitingsince we broaden our platform from credit access to a total consumer life solution.Masan and Trusting Social have the same belief that Vietnam can createtransformation and disruption gcash machine offline on par with global peers.”Masan Group CEO, Danny Le said, “Walmart has invested heavily to develop an AIand ML platform and has leveraged it to become the leading offline and online daily,consumer life platform. The Trusting Social partnership provides Masan a similarcutting edge AI and ML platform but tailored for 100 million Vietnamese consumers.Our job together now is to develop it from a pure credit scoring use case to aholistic Consumer engine.”“We remain committed to our mission of enabling underserved consumers accessworld-class financial services. This partnership will significantly accelerate ourjourney.”, added co-founder and Chief Data Scientist Tuye……
