Vietnamese Neobank Timo Raises $20M In Square Peg-Led Round
PRIVATEJan 05, 2022
Amount Raised
$20 Million
Round Type
Funding Round
VietnamProfessional ServicesFinancial Services
Description
Vietnam-based neobank Timo has raised $20 million in an investment round led by Square Peg, which has backed a spate of fintech players such as FinAccel, StashAway, Pluang and Airwallex across Asia.
Quick answer
Timo raised $20 Million in a Funding Round round, dated January 5, 2022. Timo is based in Vietnam.
How much did Timo raise?
Timo raised $20 Million in a Funding Round round on January 5, 2022.
What does Timo do?
The Canadian firm also forged a three-year insurtech partnership with GOFS.
Where is Timo based and how big is it?
Timo is based in Vietnam.
Source: Fundz verified event record.
Who else raised in Professional Services and Financial Services around the same time
Companies in the same sectors as Timo that raised within 45 days of this round, from Fundz verified event records.
Protecht Group raised $42M (Series A) on February 14, 2022.
Tonik raised $131M (Series B) on February 9, 2022.
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Company Information
Company
Timo
Location
Vietnam
About
The Canadian firm also forged a three-year insurtech partnership with GOFS. Timo also claims it is amongst the first banks in Vietnam to offer e-KYC. In another partnership in 2017, Canada’s Sun Life Financial acquired a 25% stake in Crescent Asia Limited, the holding company of Global Online Financial Solutions (GOFS), which operates Timo. Established in 2015, Timo is Vietnam’s first digital bank offering services ranging from payments, cards, to investment, insurance and installment.
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VietnamProfessional ServicesFinancial Services