Timo secures mln bet88 com fresh funding led by Square Peg

How Timo is redefining banking bet88 com Vietnam

Established bet88 com 2015, Timo is Vietnam’s first digital bank and has steadily evolved to become the country’s leader bet88 com digital banking. It announced a strategic partnership bet88 com 2019 with Viet Capital Bank, further accelerating its growth.

Timo - which stands for Time and Money - has consistently emphasized customer-centricity at its core. The company is widely recognized as being one of the first banks bet88 com Vietnam to offer eKYC services. Operating bet88 com a country where the banking adoption rate is still relatively low, this helps customers save time during on-boarding and allows them to access other banking services online faster through its platform. More recently, the company has been accelerating its vision of social banking, recognizing that banking and financial services are always embedded bet88 com a broader context.

Securing the backing of Square Peg

With over billion bet88 com assets under management, Square Peg has backed category-defining companies, including Southeast Asian fintech giants like Kredivo, StashAway, and Pluang. Square Peg’s mission is to empower exceptional founders, and has invested over 0 million bet88 com Southeast Asian startups.

“We have been impressed by the Timo team’s vision to transform banking bet88 com Vietnam,” said Mr. Tushar Roy, Square Peg Southeast Asia Partner. “bet88 com a market with almost no other independent, digital-native players, Timo has stood out from the crowd. It is a mission-oriented team aligned around creating beautiful experiences for customers and bringing more people bet88 com Vietnam into the financial ecosystem. We are excited to support Timo on its journey.”

“This funding round is not only a sign that digital banking is the future bet88 com Vietnam, but also demonstrates investor confidence that Timo is leading this important sector,” said Mr. Henry Nguyen, CEO Timo Digital Bank. “We are deeply committed to our mission of setting the benchmark for modern banking bet88 com Vietnam while bringing greater financial inclusion and accessibility to the majority of the population, which remains unbanked. Timo aims to become the bank that is at the center of our customers’ financial lives. We are delighted to have world-class investors led by Square Peg joining us on our journey.”

About Square Peg

Square Peg is a global investment firm on a mission to empower exceptional founders. With teams bet88 com Singapore, Israel, and Australia, Square Peg invests bet88 com emerging technology companies across the internet economy. It has over billion bet88 com assets under management across multiple funds and has invested bet88 com category-defining companies such as Fiverr, Canva, PropertyGuru, and Airwallex. Since 2013, it has invested over 0 million bet88 com Southeast Asia bet88 com companies including Pluang, Stashaway, DoctorAnywhere, and Neuron Mobility. bet88 com 2021, Square Peg expanded into global listed equities, with the launch of the Global Tech Fund.

About Timo

Timo is Vietnam’s very first digital banking platform and has rapidly developed over the past six years and become the country’s No.1 digital bank. Timo’s commitment to continuous innovation and its customer-centric approach have positioned it as a true digital banking pioneer and a leader bet88 com redefining modern banking services bet88 com Vietnam and beyond. bet88 com the past several years, its efforts have been recognized through many honors inside and outside of Vietnam, including being named bet88 com the Top 50 FDI Enterprises bet88 com Vietnam 2021 as the “Leading Digital Banking Platform bet88 com Vietnam” bet88 com the Golden Dragon Awards and “Best Digital Bank bet88 com Vietnam 2021” as voted by International Business Magazine.