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SHOPEEPAY JOINT STOCK COMPANY

Active

Business ID 0103959912

84-24 / 7305 3939

SHOPEEPAY JOINT STOCK COMPANY

Active

Business ID 0103959912

84-24 / 7305 3939

SHOPEEPAY JOINT STOCK COMPANY

Active

Summary

Name:

SHOPEEPAY JOINT STOCK COMPANY

Business ID (TIN):

0103959912

Date of Registration:

09 Jun 2009

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

29th Floor, Lotte Ha Noi Center Building, No. 54, Lieu Giai Street, Cong Vi Ward, Ba Dinh District, Ha Noi City, Vietnam

Phone:

84-24 / 7305 3939

Financial Statement:

2020, 2021, 2022, 2023, 2024

SHOPEEPAY JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN SHOPEEPAY), one of Vietnam’s most recognizable names in the digital payment space, delivered a surprising turnaround in 2023 — but the numbers suggest this success may be more fragile than it appears.

Legally registered under Business ID 0103959912, SHOPEEPAY is a foreign-owned fintech company, fully owned by SEAMONEY (PAYMENT) PRIVATE LIMITED of Singapore (82% ownership). It has operated in Vietnam for over 15 years and currently employs around 500 people, with headquarters in Hanoi and a representative office in Ho Chi Minh City.

In 2023, the company posted a net profit of USD 4.11 million, a dramatic shift from its USD 8.66 million loss in 2022and USD 15.8 million loss in 2021. That’s a 147.44% improvement in profit — a big win for a digital wallet brand long criticized for aggressive user acquisition and cash burn. Owner’s equity rebounded by 186.03%, reaching USD 6.32 million, reflecting reinvested earnings or perhaps tighter spending controls.

However, there’s another side to the story. Revenue dropped by 15.2% year-over-year, landing at USD 250.07 millionin 2023 — down from nearly USD 295 million the year prior. For a high-growth fintech, a revenue contraction of that size suggests the company may be scaling back its aggressive market expansion or facing stiffer competition in Vietnam’s crowded e-wallet scene. Meanwhile, total assets rose to USD 189.5 million, showing continued capital commitment, but working capital remains low at USD 3.49 million, offering little financial buffer.

With a broad portfolio of registered business activities — from e-wallet services and credit agency operations to web portals and data processing — SHOPEEPAY remains well-positioned technologically. Still, its heavy dependence on a foreign parent company and past years of deep losses warrant caution.

For financial partners, retailers, and technology vendors considering business with SHOPEEPAY, reviewing the company's credit risk, liquidity, and historical volatility is essential. Services like those offered by VANGUARD BUSINESS INFORMATION LLC (VBI) — including in-depth credit reports, profitability trend analysis, and legal checks — help stakeholders assess whether this fintech rebound is sustainable or just temporary relief in a competitive market.

Legal Profile

English Name:

SHOPEEPAY JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN SHOPEEPAY

Short Name:

SHOPEEPAY., JSC

Business ID (TIN):

0103959912

Date of Registration:

09 Jun 2009

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

ZHANG H

Address:

29th Floor, Lotte Ha Noi Center Building, No. 54, Lieu Giai Street, Cong Vi Ward, Ba Dinh District, Ha Noi City, Vietnam

Phone:

84-24 / 7305 3939

Representative office:

No 188 Huynh Tan Phat Street, Khue Trung Ward, Cam Le District, Da Nang City, Vietnam

Representative office:

Floor 23&24, Saigon Center 2, No 67 Le Loi Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Other:

No 290 Le Lai Street, Dong Son Ward, Thanh Hoa City, Thanh Hoa Province, Vietnam

Business Sector

Key business lines:

VSIC:

6201 Computer programming activities

NACE:

62.01 Computer programming activities

Industry Sales Growth

CAGR (2019 - 2023)

4.45%

YoY (2023)

8.28%

Companies by industry

Company distribution and propportions

12,458

0.4285%

Key Industry Players

Top 10 companies in computer programming activities industry

fpt is company limited etc technology systems joint stock company bosch global software technologies company limited misa joint stock company nashtech vietnam company limited sun asterisk vietnam company limited vietnam esports and entertainment joint stock company smartosc corporation shopeepay joint stock company gate online service joint stock company

Payment History

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Financial Performance

Assets	88.98%
Owner’s Equity	-74.21%
Working Capital	-32.98%
Net Worth	-32.21%
Sales	9.36%
Operating income	69.00%
EBIT	17.59%
Gross Profit Margin	94.36%
Debt to EBITDA	-16.10%

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Negative Payment Records

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Opinion from Analysts

Specific Questions About SHOPEEPAY JOINT STOCK COMPANY

When did SHOPEEPAY JSC start operating?

SHOPEEPAY JSC was started in 09 Jun 2009

What industry does SHOPEEPAY JSC operate in?

SHOPEEPAY JSC is operating in "Computer programming activities" industry

How can I contact SHOPEEPAY JSC?

SHOPEEPAY JSC phone numbers is 84-24 / 7305 3939

What adverse news is there about SHOPEEPAY JSC?

SHOPEEPAY JSC’s has no negative news

What is stock symbol of SHOPEEPAY JSC?

SHOPEEPAY JSC is not listed company

Where is the location of SHOPEEPAY JSC?

SHOPEEPAY JSC is located at 29th Floor, Lotte Ha Noi Center Building, No. 54, Lieu Giai Street, Cong Vi Ward, Ba Dinh District, Ha Noi City, Vietnam

What is SHOPEEPAY JSC’s business registration?

SHOPEEPAY JSC business registration is 0103959912

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