Lumo: Vietnam’s Fintech Pioneer Making Wealth Building Simple and Accessible

Founded in 2023 and headquartered in Ho Chi Minh City, Vietnam, Lumo is a fintech startup on a mission to revolutionize personal wealth management for individuals and families. By leveraging AI-driven technologies, Lumo offers a digital platform that makes saving and investing simple, accessible, and efficient even for users with as little as 10,000 VND (less than US$1). The company’s vision is to reshape how Vietnam’s mass affluent build financial security and long-term prosperity.

Why They Stand Out

Lumo stands out by democratizing access to high-yield investment opportunities that are traditionally reserved for institutions, such as corporate bonds and certificates of deposit. By pooling individual user funds, the platform enables even those with as little as 10,000 VND to invest and earn attractive returns. Its AI-driven engine delivers personalized investment recommendations and smart portfolio management, helping users make informed decisions while optimizing asset allocation. With a sleek, compliance-first design and a strong focus on financial literacy, Lumo is simplifying the investment journey for Vietnam’s growing base of mass affluent individuals.

Why Watch

Lumo is backed by some of the region’s top venture investors, including Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital, highlighting strong market confidence in its model. The company is channeling its momentum into developing proprietary technology and scaling strategic partnerships with financial institutions across Vietnam. With plans to launch a comprehensive private banking solution tailored to Southeast Asia’s mass affluent by 2025, Lumo is poised to capture significant market share. Led by a sharp, execution-focused founding team, Lumo is emerging as a key player in the region’s evolving fintech landscape.

Meet the Team

• Michael Do, Co-founder and CEO: A former investment banker and Silicon Valley product manager, Michael brings deep financial acumen and execution focus to Lumo’s strategic vision.

• Hoang Nguyen, Co-founder and COO: A fintech veteran with deep ties to Vietnam’s regulatory landscape, Hoang oversees operations and ensures compliance while scaling Lumo’s growth.

WOWS Take

With massive whitespace, regional regulatory tailwinds, and a sticky, daily-use product, Lumo is set to become the go-to fintech layer for individuals and families across Southeast Asia. Their early traction, lean build, and sharp founding team make them one of the most investable fintech startups emerging from the region today.

Lumo drew strong interest from operators and investors alike at AI Demo Day. Watch their pitch unfold on WOWS Dealflow.