Based in Vietnam, Anfin wants to turn more people into stock investors with features like fractional trading and in-app communities. The Y Combinator alum announced today it has raised a $4.8 million Series A led by angel investor Clement Benoit, the founder of Stuart and Not So Dark, and Y Combinator. Participants in the round also included Rebel VC, Kharis Capital, Newman Capital, First Check Ventures, Micro Ventures, Springcamp and AngelHub.

The funding will be used on Anfin’s product development, especially its social investment features, including one that lets users host and join live audio rooms. The app’s proprietary stock trading platform includes stock profiling and risk assessment. It also plans to offer more financial asset classes, in addition to its current 300 stocks and nine ETFs.

Its fractional trading features lets users starting investing with as little as 10,000 VND (or about 40 U.S. cents), giving them access to stocks they might otherwise not be able to afford. Like other investment apps aimed at Gen Z and millennial users (90% of Anfin’s users are 18 to 35 years old), Anfin has educational content about stock market fundamentals.

Anfin founders Hiep Nguyen, Phuoc Tran, Chi Pham and Michael Do

Anfin was launched in October 2021 by Hiep Nguyen, Phuoc Tran, Chi Pham and Michael Do. Its founders say it has been downloaded more than a million times since then, driven in part by increased interest in mobile banking and online investments during the COVID-19 pandemic. It now has 100,000 funded accounts and deposits have reached up to $5 million and $10 million in total transaction value.

The startup is the latest investment app in Southeast Asia to get venture capital funding. Other examples include Pintu, Pluang, Bibit, Ajaib and Syfe.

Do told TechCrunch that Anfin’s founders got interested in a stock trading app “by observing the disconnect from the increasing demand of stocks as an asset class with the increasing cost of investing in the stock market. Specifically, Vietnam changed its trading lot size from 10 shares to 100 shares, which meant blue chip stocks cost $400 to $600 for one full lot.”