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CAKE by VPBank & Dragon Capital sign cooperation agreement: Easy, safe investment with CAKE from 10,000VND

Han Nguyen Friday | 04/01/2022 15:37

The cooperation will open a new trend in the financial and investment industry in Vietnam as organizations bring their strengths to cooperate and resonate with each other.

The digital bank Cake by VPBank (CAKE) and Dragon Capital Venture Fund Management JSC (DCVFM) have signed a strategic cooperation agreement to advise and introduce financial investment products professionally managed and operated by DCVFM to millions of CAKE customers.

Through this cooperation, CAKE has launched a micro investment product, allowing customers to participate in the DC Fixed Income Increasing Bond Investment Fund (DCIP) managed and operated by DCVFM, starting just from 10,000 VND of investment. 

The “Investment” feature of the CAKE app is clearly designed, providing a slick experience, to help customers quickly invest and optimize their cash flow with just a few simple steps. This is how CAKE makes it possible for everyone to find a convenient and suitable investment solution in their effective journey of building and increasing assets, without time-consuming efforts. 

This product aims at young generation customers (Millennials, GenZ), who love technology, simplicity and flexibility in financial management. Instead of depositing money into a savings account, they want to find a highly safe and transparent investment channel that accepts small capital and especially guarantees profits when withdrawing money ahead of time.

- High safety: 100% of funds are allocated to a portfolio of bonds and term deposits.

- High flexibility: Customers can invest whenever they have idle money, with a minimum investment of only 10,000 VND. 

- Good liquidity: Customers can sell fund certificates to withdraw money on any trading day of the week, the money will be returned to the bank account within 24 hours from the date of placing the sell order. Profits are calculated according to the actual investment time and no early penalty fees apply. 

- Stable profitability: Investment return up to 6%/year, more competitive than short-term deposit rates*.

Investment feature interface on Cake by VPBank.
Investment feature interface on Cake by VPBank.

Investing with CAKE, customers are completely assured when their assets are managed by Dragon Capital - the oldest fund management company with the most diversified products in the Vietnamese capital market.

The Fund's investment is audited annually by one of the largest auditing firms in the world (PriceWaterHouse Cooper). Standard Chartered is the custodian and management bank of the Fund and the transfer agent is the Vietnam Securities Depository (VSD).

This is a great combination of strengths between a dynamic digital bank operating on a new technology platform, and a diverse group of young customers; and the other side is a long-standing fund management company in Vietnam with more than 25 years of experience in fund management and investment consulting.    

The cooperation will open a new trend in the financial and investment industry in Vietnam as organizations bring their strengths to cooperate and resonate with each other to create services that perfectly combine with each other as well as achieving common strategic goals.

Customers will be the most beneficiaries in this trend when they can access financial services from banks and invest right on one platform. Thereby creating all the most convenient conditions to optimize capital.

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