Vietnam-based e-commerce firm Sendo has raised about $56.7 million through convertible loans since 2020, per its latest financial statements reviewed by DealStreetAsia.
In 2021, the company issued two tranches of convertible notes to investors including Econtext Asia Limited — a subsidiary of the Japanese payments and e-commerce solutions firm Digital Garage Group — SBI Holdings’ SBI E-Vietnam Pte Ltd, and subsidiaries of Sendo’s parent firm FPT Corporation, a Vietnamese software conglomerate.