Loading organizations...
KiotViet is a Hanoi, Vietnam-based developer of cloud-based point-of-sale (POS) and sales management software for small and medium-sized enterprises (SMEs). The platform provides tools for inventory, customer relationships, staff management, and omnichannel operations across 20+ retail sectors, serving over 200,000 business customers. KiotViet has raised $51 million in total funding, including a $45 million round in 2021 led by KKR, with additional investment from Jungle Ventures and Kasikorn Bank. The company employs approximately 2,000 individuals, including 400 engineers, and reported $13.3 million in revenue. The company was launched in 2014 by co-founders Tran Nguyen Hao and Nguyen Tien Trung. Its business model centers on saaS model providing subscription-based sales management software, plans to expand into financial services like payments and lending.
KiotViet has raised $51.0M across 2 funding rounds.
KiotViet has raised $51.0M in total across 2 funding rounds.
KiotViet is a Vietnam-based technology company that builds cloud-based Point of Sale (POS) and retail management software, along with complementary B2B marketplace and financial solutions, primarily serving micro, small, and medium-sized enterprises (MSMEs) in retail and service sectors such as fashion, groceries, pharmacies, food & beverage, wholesale, beauty, entertainment, and hospitality[1][2][3][4]. It solves key operational challenges like sales tracking, inventory management, customer engagement, cash flow oversight, and digital transformation for traditional businesses, enabling data-driven decisions through a user-friendly, affordable platform[1][2][3]. With over 300,000 stores across 63 provinces in Vietnam, 2,000 employees, and significant growth—including a $45M Series B led by KKR in a $51M total funding round—KiotViet demonstrates strong momentum in digitizing Vietnam's vast MSME ecosystem[3][4][5].
Founded in 2010 and headquartered in Hanoi, Vietnam, KiotViet emerged to address the need for cost-efficient tech tools amid Vietnam's growing retail sector, launching its core POS product around 2013-2014 to help MSMEs manage sales, inventory, and operations digitally[1][2][3][4][5][6]. Key milestones include rapid expansion by 2014, broader adoption in 2016, ecosystem enhancements in 2019, and a pivotal 2021 Series B funding round led by KKR with Jungle Ventures participation, fueling national scaling and product upgrades[4][5]. The company's evolution reflects a focus on empowering over 100,000 (now 300,000) MSME owners, driven by a team of over 1,000-2,000 talents in tech, analytics, and sales, with offices in Ho Chi Minh City, Da Nang, and Can Tho for localized support[2][3][4].
KiotViet rides Vietnam's MSME digital transformation wave, where millions of small retailers lag in tech adoption amid e-commerce booms and post-pandemic shifts, timing perfectly with rising smartphone penetration and government digitization pushes[1][2][3][4]. Market forces like Southeast Asia's retail fragmentation and demand for affordable SaaS favor its model, positioning it as a "life-saver" for local businesses transitioning online[3][4]. It influences the ecosystem by building the largest MSME network in Vietnam, enabling hyperlocal sales, supply chain efficiency, and financial inclusion, while aspiring to Southeast Asian dominance through ecosystem expansion[2][3][4].
KiotViet is poised for accelerated growth via KKR-backed investments, likely enhancing AI-driven analytics, cross-border expansion into Southeast Asia, and deeper fintech integrations to capture more of Vietnam's 5M+ MSMEs[3][4][5]. Trends like AI personalization, embedded finance, and omnichannel retail will shape its path, potentially evolving it from a POS leader to a full-stack MSME platform influencing regional digital economies. This builds on its mission to simplify business for the underserved, solidifying its role as Vietnam's retail tech powerhouse[1][2][4].
KiotViet has raised $51.0M across 2 funding rounds. Most recently, it raised $45.0M Series B in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2021 | $45M Series B | Jungle Ventures, Traveloka | — | Announced |
| Aug 1, 2019 | $6M Series A | — | Jungle Ventures | Announced |
KiotViet has raised $51.0M in total across 2 funding rounds.
KiotViet's investors include Jungle Ventures, Traveloka.