Press Release

Trust Circle launches mobile app “Tiet Kiem Nhom”, the first mobile app to serve savings and address personal financial needs.

Ho Chi Minh City, 25 July 2016 – Trust Circle officially launches Tiet Kiem Nhom mobile app on mobile and web platforms in Vietnam. This is the first mobile app to provide peer-to-peer financial platform. Tiet Kiem Nhom serves the savings and borrowing needs of users across all fields, occupations, age groups and income segments; especially benefits those who don’t have access to traditional financial services (i.e. banking and credit institutions).

TCBC

Nowadays with the swift development of financial technology, a growing number of companies and corporations launch financial products and services leveraging the growth of modern technology. Catching this trend, Trust Circle is the first company to introduce peer-to-peer financing products for groups of friends, relatives, families and colleagues to facilitate their savings, capital raising needs without incurring unreasonable intermediary fees.

With two utmost advantages as convenience and safety, Tiet Kiem Nhom is expected to reach and be adopted widely by users who have personal financial needs. Operating on iOS and Android, the app runs seamlessly on 2G, 3G, and wifi. Moreover, combining the power of technology and mobile wallet, Tiet Kiem Nhom app helps promote transparency for the mutual financing practice which has been trusted by many participants.

Sharing on the purpose of Tiet Kiem Nhom as well as the long-term vision of Trust Circle, Mr. Pham Duc Trung Kien, Chairman said “The idea of Trust Circle and Tiet Kiem Nhom arose when we saw many ordinary people having to pay huge costs for loans on normal activities like tuition or purchasing motorbike to go to work. Not only in Vietnam but also in many other countries, excessive number of people have difficulty assessing financial services of banks or other credit institutions. Hence, Trust Circle was established with the aim of using modern technology to help ordinary people, especially those in middle-income range to have access to existing finance within their friend and family circles. From here, the community bonding and support will also improve.”

Overview of Trust Circle

Trust Circle is a financial company, established in December 2014. Trust Circle now has its headquarters in Vietnam and representative offices in Singapore, Hong Kong, Jakarta (Indonesia), Nairobi (Kenya) and San Francisco (USA). After this public launch, products of Trust Circle are expected to serve users in 80 countries spanning across 5 continents.

For more information, please contact:

Mạc Lê Hồng Anh

Trust Circle

Address: 151 Ton Dat Tien Street, Garden Court 1, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Mobile: +84-8-5410-4105

Fax: +84-5413-8610

Email: [email protected]

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