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Timo: Secures $20 million fresh funding led by Square Peg
BankingBusiness
Less than 1 min.Read

Timo: Secures $20 million fresh funding led by Square Peg

Laura M
By Laura M

Timo: Secures $20 million fresh funding led by Square Peg

  • Timo is Vietnam’s very first digital banking platform which has rapidly developed over the past six years
  • Square Peg is a global investment firm on a mission to empower exceptional founders
  • The investment round is led by Square Peg, a leading global VC firm whose investments include unicorns such as Canva
  • Other participants are Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings (an existing investor), and other super angels
  • The bank announced a strategic partnership with Viet Capital Bank, further accelerating its growth
  • Operating in a country where the banking adoption rate is still relatively low, this helps customers save time during on-boarding

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