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
