PadiTech’s Decade-long Journey of Brand Building
PadiTech achieved revenue of 40 billion VND within its first three years, seizing opportunities to research and develop AI applications, ultimately winning awards in the IT sector after a decade.
Founded in 2014, PadiTech aimed to pioneer the integration of AI and blockchain in business development. In 2017, the Padi-AI platform was launched, generating 40 billion VND in revenue and marking a pivotal milestone in the company’s technological journey. Padi-AI specializes in analyzing stock market and cryptocurrency trends, enabling investors and financial institutions to make more informed decisions.
Milestones Along the Way
In addition to AI applications, PadiTech harnessed the potential of combining this technology with blockchain, becoming one of the standout names in Vietnam’s 4.0 technology wave.
The company has developed numerous products such as chatbots, image recognition, voicebots to help businesses automate customer service, electronic identification, document analysis and processing, as well as virtual MCs – revolutionizing digital communication. Additionally, the AI-HUB connects various intelligent AI solutions, along with 10 other innovative solutions.
During the Covid-19 pandemic, PadiTech invested 25% of its revenue into developing Simple Docs Pro IDP (Intelligent Document Processing), a digital document platform supporting organizations in their digital transformation journey. “This is a testament to our ability to apply technology in practice and our pioneering role,” a company representative emphasized.
Following its success, in 2021, the company’s revenue tripled compared to 2019, thanks to the launch of the Real Assistant AI platform, which allows businesses to swiftly create chatbots from user and business data, enhancing customer experience.
Innovation and Flexibility
PadiTech’s ability to innovate and flexibly adapt to market trends has helped the company continuously achieve milestones in both business and technology. It ranked among the “Top 10 AI and Blockchain Enterprises in Vietnam” in 2023 and 2024, as announced by the Vietnam Software and IT Services Association (VINASA). The company also expanded its influence through partnerships with major domestic players like Viettel, Mobifone, CMC Telecom, and international collaborators including Rakuten, Samsung, and Webnics Corp.
Throughout its 10-year journey, PadiTech faced challenges such as rapid technological changes, competitive pressure from larger enterprises, and the difficulty of maintaining a high-quality workforce. The company overcame these hurdles by continuously recruiting talent, investing in infrastructure, and building an extensive data repository.
“We believe that innovation is not just a strategy but a culture we pursue every day,” asserted Mai Thế Tài, CEO of PadiTech.
Vision and Future Direction
This year, PadiTech aims to earn the “Great Place to Work” certification and be listed among the most favored technology companies in Vietnam. By early 2025, the company plans to establish Padi Academy, collaborating with top technology schools like Hanoi University of Science and Technology.
The business also intends to research and develop a Blockchain as a Service platform while expanding its product portfolio. With plans to launch five new products annually, the company expects revenue to grow by 50% each year and reach 20 million USD by 2027.
Moreover, with aspirations of expanding into international markets, PadiTech aims to establish a presence in five countries within the Asia-Pacific region (APAC), increase its R&D budget to 20 billion VND per year, and produce groundbreaking products.
According to the company representative, in a rapidly evolving tech landscape, only businesses that dare to think big, act boldly, innovate, and remain steadfast in their strategic vision can assert their position. For PadiTech, technology is not only a tool but also the key to unlocking a brighter future.
“We believe that with our relentless ambition, PadiTech will continue to shape new technological trends, both in Vietnam and worldwide,” the representative added.
