Originally the Consumer Finance Division of Vietnam Prosperity Joint Stock Commercial Bank (VPBank), FE CREDIT was established as an independent company in February 2015. It has since become a dominant player in Vietnam's consumer finance market, providing accessible lending solutions to the underbanked and unbanked population. In 2021, Sumitomo Mitsui Financial Group (SMFG), through its subsidiary SMBC Consumer Finance Co., Ltd, acquired a 49% stake, making FE CREDIT a joint venture. The company's mission is to provide simple, fast, and effective financial solutions to meet the everyday needs of Vietnamese people.

Founded in

Vietnam