Vietnamese startup WeFit files for bankruptcy.

The company had run out of cash.


Alfred Lee

13 May, 2020

Vietnamese startup WeFit files for bankruptcy. | BEAMSTART News

- From our Sponsors -

Vietnamese startup, WeWow, most notably known for their ClassPass-like service, WeFit, has filed for bankruptcy as the business runs out of cash due to the effects of the pandemic.

In a statement to its customers, WeFit's parent company WeWow mentions that they will be closing down all their services effective immediately.

"Our working capital is completely depleted. Therefore, we are unable to maintain our business and products", the company said in its statement.
The WeFit official website.

Prior to the pandemic, WeWow was handling approximately 150,000 bookings per month on their platform.

The company had also previously raised US$1 million in a pre-series A round led by CyberAgent Capital and other venture capital firms in the region in January last year.

- From our Sponsors -

Latest Jobs

Founding Software Engineer (Full-Stack)

StarSling

California,

Full Time

USD 150000 — USD 190000 yearly

Sofware Engineer, AI/ML

Greenlite

California,

Full Time

Salary Undisclosed

Founding Team Member: Sales

Corgi

Illinois,

Full Time

USD 70000 — USD 150000 yearly

Product Lead - AI Platform

Vahan

Karnataka,

Full Time

USD 5000000 — USD 8000000 yearly

Senior Fullstack Engineer

Laylo

Full Time

USD 100000 — USD 175000 yearly

AI-Native Engineer (Frontend/Full-stack)

Pincites

California,

Full Time

USD 135000 — USD 185000 yearly

Product Engineer (AI)

ClaimSorted

England,

Full Time

USD 69998 — USD 150000 yearly

Founding Engineer — Medical AI Agents

Dench.com

New York,

Full Time

USD 100000 — USD 200000 yearly

Software Engineer

Agave

California,

Full Time

USD 130000 — USD 240000 yearly

Business Operations

Giga

California,

Full Time

USD 100000 — USD 130000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).