These methods of fire extinction are useful additions to extinguishers. Fire buckets can be used filled with water on Class A fires, or with sand to use as an absorbing agent for Class B fires, which are spilled flammable liquids. They must not be used with water on burning fat or oil or on electrical appliances. However, they’re sometimes left empty or misused and have a limited effect as they can’t used on large fires.
Fire hoses let out water at high pressure. They can be effective on Class A fires, but are very heavy. Fire blankets are effective in smothering small fires in kitchens or boats, if a good seal is made, and for wrapping round people whose clothing is on fire. Made of fibreglass, they can withstand temperatures of up to 500° C and are compact and portable. They don’t need any maintenance but can only be used once. They are cheap.
Finhay was founded in 2017 by Huy Nghiem, a Vietnamese-Australian who quit his finance job in Australia. The startup operates a micro-investment platform for Millennials and has more than 2.7 million registered users in the country of almost 100 million people. It recommends multiple micro-financial products including saving, investment and insurance based on the customer’s personal information and risk assessment.
“Finhay is already emerging as the clear frontrunner in Vietnam’s booming investment space,” Jessica Huang Pouleur, partner at Openspace, said in the statement. “We believe a massive opportunity exists in Vietnam, which has an enterprising population hungry for the chance to invest smartly.”
“A large number of people are now looking for ways to start investing – often for the first time, and we are exploring different ways to enable them,” added Nghiem. “It’s such an important inflection point.”
Other rising fintech platforms in Vietnam include MoMo, which has raised money from the likes of Goldman Sachs, Warburg Pincus and Vietnam Investments Group, and Toss, the fintech superapp operated by South Korean billionaire Lee Seung-gun’s Viva Republica.
