F88 officially becomes a public company

On May 6, the State Securities Commission issued an official dispatch confirming that F88 has met the conditions of being a public company according to the provisions of the Securities Law.

According to legal regulations, the deadline for registering trading on the UPCoM exchange for unlisted securities is 30 days from the date the State Securities Commission confirms the completion of public company registration .

Thus, with this approval, F88 is eligible to register to trade shares on the UPCOM exchange, becoming the first company operating in the alternative finance sector specializing in providing financial services to ordinary customers to be listed on the Vietnamese stock exchange.

“Becoming a public company is an important milestone in the company's development roadmap, moving towards registering for trading on the UPCoM exchange in the near future. This affirms F88's continuous efforts in information transparency and standardizing corporate governance according to international standards. This is also a solid foundation for F88 to realize its plan to list on the Ho Chi Minh City Stock Exchange (HoSE) in the future, bringing sustainable value to ordinary customers and shareholders", Mr. Phung Anh Tuan, founder and Chairman of the Board of Directors of F88 shared.

The above milestone not only reflects the company's own efforts, Mr. Tuan emphasized, but is also an acknowledgement of the development of the alternative financial market in Vietnam, when a business model like F88 has passed the strict standards of the State Securities Commission and will be welcomed by investors in the stock market.

With the support of foreign shareholders, which are large investment funds such as Mekong Capital, Vietnam Oman Investment (a joint venture investment fund between two organizations under the governments of Oman and Vietnam, the Sultanate of Oman Investment Commission and the State Capital Investment and Trading Corporation) and Granite Oak, F88 has developed and expanded to nearly 900 stores nationwide after 12 years of operation. The company's core business focuses on providing comprehensive financial services including loans, insurance and banking services to customers who have difficulty accessing traditional financial services.

The company's first quarter 2025 financial report recorded that the company disbursed VND 3,284 billion, an increase of 25% over the same period. Revenue in the first 3 months of 2025 and pre-tax profit increased by 21.5% and 204.1% respectively over the same period last year.

In the future, F88 aims to become a leading corporation in the field of affordable finance, contributing to changing people's approach to finance, helping all Vietnamese people have the opportunity to access legal and transparent financial services to have a better life.

“To do that, the company needs to attract more capital from investors and financial institutions by applying higher governance, business and financial standards. Becoming a public company and listing on the stock exchange is the driving force for us to do that,” Mr. Tuan affirmed.

Currently, in addition to long-term partners, F88 is working with a number of other domestic and international lending partners to diversify capital sources in 2025. In addition to the business plan, solution groups for each business segment have been specifically established, based on strategic vision and focusing on factors that create sustainable development for the Company.

F88's representative said that in the coming time, the company will focus on applying technology to digitize the process, making the service faster and more transparent, ensuring the ability to serve millions of transactions smoothly and safely. This year, the company aims to increase revenue by about 30%, and increase the total number of customers served by over 30%.

Established in 2013, F88 is a leading chain of affordable financial stores in the alternative finance sector in Vietnam. F88 focuses on providing comprehensive financial services including loans, distribution of insurance products and banking services. F88's main customers are those who are not eligible to access traditional banking services, financial companies, and the affordable segment. As of early May 2025, F88 marked the milestone of 888 stores nationwide.

Up to now, F88 has affirmed its position with a series of prestigious awards at home and abroad such as: being honored as the top excellent workplace in Asia by the Great Place to Work Organization; F88 is the first enterprise in Vietnam and the only one in the alternative finance sector to receive the Gold Certificate for "Customer Protection" (Client Protection Certificate - CPC) - the world's first financial user protection standard. In April 2025, FiinRatings announced the upgrade of F88's credit rating outlook from "Stable" to "Favorable", thanks to the strong improvement in asset quality and the continuously consolidated leading position in the market.