FiinGroup advised DEG on its convertible loan to Techcom Securities (TCBS)

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FiinGroup is pleased to announce that its client, DEG, a leading European development finance institution, has entered into an agreement to provide a USD 50 million convertible loan to Techcom Securities Joint Stock Company (TCBS), one of Vietnam’s leading securities service companies, on 2 February 2026.

FiinGroup acted as exclusive due diligence advisor, providing both Commercial Due Diligence and Technology Due Diligence services to support DEG in this transaction.

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Founded in 2008, Techcom Securities (TCBS) is a leading securities service company in Vietnam, recognized for its strong capabilities in investment banking, margin lending, proprietary trading and brokerage with strong WealthTech business strategy. TCBS has played an active role in the development of Vietnam’s capital markets and continues to expand its product offerings, its customer base and technology-driven platforms.

For DEG, the $50 million convertible loan is a strategic milestone to endorse TCBS’s market leadership and successful IPO. Through this partnership, DEG integrates TCBS into its global network of over 150 financial institutions in more than 50 countries to foster innovation and share best practices. Most importantly, both parties will jointly promote sustainable finance, including the integration of ESG criteria, and set the groundwork for future green bond initiatives to support Vietnam’s long-term economic growth.

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Mr. Le Xuan Dong, Managing Director and Head of FiinGroup’s Market Research & Consulting Services, commented: “We are delighted to have advised DEG on this transaction. This transaction stands as a testament to FiinGroup’s in-depth expertise in the securities services sector, leveraging our extensive local insights, data, and technology analytics capability to deliver a successful outcome for our client. We expect this transaction to establish a robust foundation for TCBS to further access global capital markets while adhering to increasingly stringent ESG standards”

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About Techcom Securities Joint Stock Company (TCBS)

Techcom Securities (TCBS) is one of Vietnam’s leading securities firms and a subsidiary of Techcombank, providing a comprehensive range of services including investment banking, margin lending, proprietary trading and brokerage with strong WealthTech business strategy.
Established in 2008, TCBS is recognized for its technology-driven approach, strong transaction advisory capabilities, and its active contribution to the development of Vietnam’s capital markets

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About DEG

DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) is a German development finance institution and a member of the KfW Group. DEG provides long-term financing and advisory support to private sector enterprises and projects in developing and emerging markets, with a focus on sustainable economic development and impact.

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About FiinGroup and its Market Research & Consulting Services

FiinGroup is a leading provider of analysis, data technology, market research and consulting solutions to support its sophisticated clients to penetrate and/or expand their business in Vietnam.  

Our Market Research & Consulting Division provides independent, data-driven advisory services. We specialize in due diligence, market and economic analysis, and strategy and transaction advisory services, supporting strategic decision-making, regulatory compliance, and transaction-related assessments

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Explore our M&A advisory services HERE

For more information about our services and how we can support, please contact: 
Market Research and Consulting Services 
T: (+84) 24 3562 6962 
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